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VivoPower retires $28.8M debt, boosts credit ahead of Norway AI data center project

Market News
19 Aug 2026
Proactive Investors
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Bullish
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VivoPower PLC has fully retired $28.8 million in shareholder debt owed to AWN Holdings, improving its credit profile as it prepares to build an AI data center in Mo i Rana, Norway. The debt retirement removes interest expenses and follows a $50 million PIPE funding round led by Blue Sky Capital and other investors, aimed at supporting the project and further debt reduction. Additionally, VivoPower plans to spin off its 2.2GW non-Nordic portfolio into a separate listing on the London and Abu Dhabi exchanges, focusing the core company on Nordic AI infrastructure. Analysts at Noble Capital Markets maintain an Outperform rating with a $10 price target, citing improved financial flexibility and growth potential.

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