Brookfield, TransAlta MOU Secures 230 MW Data Center PPA with 1 GW Upside
Brookfield joins TransAlta and CPP Investments under an MOU to develop a data center at TransAlta’s Keephills site, secured by a phased power purchase agreement for roughly 230 MW and potential expansion to 1 GW. The initiative complements TransAlta’s recent CAD 95 M Far North Power acquisition and CAD 600 M Centralia coal-to-gas conversion.
1. Data Center MOU Details
Brookfield, along with CPP Investments, has signed an MOU with TransAlta to co-develop a data center at the Keephills site in Alberta. The agreement provides for an initial 230 MW long-term power purchase agreement with TransAlta as exclusive power provider, plus evaluation of further phases aggregating up to 1 GW of demand.
2. Strategic Implications for Brookfield
The Keephills data center partnership aligns with Brookfield’s expansion into energy-intensive infrastructure and sustainable power ventures. It follows TransAlta’s recent CAD 95 M acquisition of Far North Power and its planned CAD 600 M coal-to-gas conversion at Centralia, indicating significant capital flows and potential new revenue streams for Brookfield’s asset portfolio.