Norton Rose Fulbright has issued a report on data centre financing trends in Europe, noting that demand from hyperscalers, sovereign wealth funds, and infrastructure investors has driven deal volumes to record levels across the United Kingdom, Germany, the Netherlands, Ireland, and Scandinavia. The firm highlights increasing use of green finance instruments, including sustainability-linked loans tied to energy efficiency and water usage metrics. Power availability and grid connection timelines are cited as the leading constraints on new project delivery in Western Europe. The report anticipates that stricter sustainability disclosure requirements under EU regulation will reshape standard financing covenants for the sector through 2027.