Brookfield Launches $100bn AI Infrastructure Fund
November 18, 2025
Brookfield Asset Management
A powerful new alliance is reshaping Alberta’s digital landscape, as TransAlta, CPP Investments, and Brookfield have signed a Memorandum of Understanding (MoU) to develop a massive data center project in Parkland County. Utilizing TransAlta’s Keephills site, the project is set to launch with an initial power purchase agreement and the strategic infrastructure already in place to scale significantly.
This partnership leverages Alberta’s temperate climate and abundant natural gas resources, aligning with new provincial frameworks designed to fast-track large-scale digital infrastructure. By combining TransAlta’s on-site generation capabilities with the global investment reach of Brookfield and CPP, the project positions Alberta as a premier destination for energy-intensive AI and cloud computing hubs.
| Distance | Site | About |
|---|---|---|
| 5.45 miles | Beacon Hary Smith AI Hub |
Beacon is planning a site known as the Hary Smith Artificial Intelligence Hub between Keephills and Duffield in Parkland County to the west of Edmonton.
|
| 11.33 miles | Capital Power: Genesee DC1 |
Part of Capital Power's flagship Polaris @ Genesee Energy Campus, this hyperscale data centre project is designed to meet Canada's growing demand for secure, scalable digital infrastructure.
|
| 11.64 miles | Capital Power: Genesee DC2 |
This future expansion will be part of Capital Power’s flagship Polaris @ Genesee Energy Campus.
|
| 13.28 miles | Crusoe: Alsike Energy Park |
Crusoe has signed a multi-year framework agreement with Kalina Distributed Power (KDP), a natural gas power provider, to build and operate multiple AI data centers in Alberta, powered by KDP’s natural gas plants.
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Brookfield Asset Management is a global alternative asset manager based in New York. The company oversees more than $1 trillion in assets, encompassing renewable power and transition, infrastructure, private equity, real estate, and credit. Its stated goal is to achieve attractive, long-term risk-adjusted returns for its clients and shareholders. Brookfield manages both public and private investment products and services for a diverse client base, earning asset management income and investing alongside clients to align interests. The company leverages its significant capital to invest in substantial assets and businesses across various geographies and asset classes.
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