TransAlta, CPP Investments, and Brookfield Asset Management partner for large-scale data centre development in Alberta

TransAlta Corporation, Canada Pension Plan Investment Board (CPP Investments), and Brookfield Asset Management have announced a strategic memorandum of understanding to advance a large-scale data centre development in Alberta. This partnership designates TransAlta as the exclusive site and power provider for the project at its Keephills facility. The initial phase includes a long-term power purchase agreement for approximately 230 megawatts, with substantial potential to scale up to 1 gigawatt, underscoring the project's significant ambition and long-term vision. This collaboration brings together a major utility with two prominent global infrastructure investors, signaling a significant commitment to digital infrastructure development in Canada. The involvement of CPP Investments and Brookfield Asset Management highlights the attractiveness of large-scale, power-intensive data centre projects for institutional capital seeking stable, long-term returns. Leveraging TransAlta's existing energy infrastructure provides a foundational advantage, enabling the rapid deployment and scaling of critical digital capacity to meet the escalating demands of the data centre sector.