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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InTransAlta Corporation has signed a Memorandum of Understanding (MOU) with CPP Investments and Brookfield to develop a large-scale data centre in Alberta. Under the agreement, TransAlta will serve as the exclusive provider of both the site and power for the project located at its Keephills facility. The ambitious development is designed to scale up to a total capacity of 1 GW, addressing the surging global demand for data infrastructure. This strategic partnership leverages TransAlta's existing power generation capabilities to support high-capacity energy requirements. Analysts view this move into data centre infrastructure as a significant growth catalyst for the utility company, offering a stable and long-term revenue stream. The collaboration with high-profile global investors further strengthens the project's viability and TransAlta's market positioning.