Global Infrastructure SherpaTransAlta, CPP Investments, and Brookfield partner for 1 GW data center development at Keephills site
1000 MW
Capacity
TransAlta, CPP Investments, and Brookfield signed an MOU to develop a 1 GW data center campus at TransAlta's Keephills site, leveraging its existing power generation infrastructure. The collaboration.
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Counterparts (3)
Partner
Brookfield
Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. They invest in long-life, high-quality assets and apply an owner-operator mindset to manage and grow the businesses they own.
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) manages C$590.8 billion in net assets (Q3 2023), investing globally across diversified asset classes including significant direct infrastructure holdings. The Toronto-based pension fund manager targets long-term, stable returns for the Canada Pension Plan.
TransAlta Corporation
TransAlta Corporation is a Canadian-based power generation and energy marketing company. It owns, operates, and develops a diverse portfolio of power generation assets, including hydro, wind, solar, natural gas, and battery storage. The company is strategically focused on decarbonization, growing its clean energy portfolio, and providing reliable power to customers across North America and Australia.
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The collaboration between TransAlta, CPP Investments, and Brookfield to develop a 1 GW data center at TransAlta's Keephills site represents a substantial commitment to digital infrastructure in Canada. This partnership strategically leverages TransAlta's existing power generation site for a new, high-demand asset class. The 1 GW capacity indicates a significant scale, requiring substantial energy supply and infrastructure development. This move allows TransAlta to diversify its asset utilization while bringing together Brookfield's global investment capabilities and CPP Investments' long-term capital for a large-scale project.
- The data center has a potential capacity to scale up to 1 GW, a substantial size for a single development.
- The partnership involves three distinct entities: TransAlta Corporation, Canada Pension Plan Investment Board, and Brookfield.
- The development is planned for TransAlta's existing Keephills site, indicating a repurposing or expansion of existing infrastructure.
- The deal is structured as a partnership, suggesting shared investment and operational responsibilities.
Timeline
Announced
Feb 27, 2026
Signed
Closed
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