TransAlta signs MOU for Alta. data centre development

Executive Summary

• TransAlta Corp. has entered into a Memorandum of Understanding (MOU) with Canada Pension Plan Investment Board (CPP Investments) and Brookfield to develop a data centre at its Keephills site in Alberta.
• TransAlta will serve as the exclusive site and power provider for the project, which includes an initial long-term power purchase agreement for approximately 230 megawatts.
• The agreement outlines a framework for phased development with the potential to scale up to 1 gigawatt of load, subject to regulatory approvals and definitive binding agreements.

Key Details

• Parties Involved: TransAlta Corp., Canada Pension Plan Investment Board (CPP Investments), and Brookfield.
• Location: Keephills site in Parkland County, Alberta.
• Initial Capacity: Long-term power purchase agreement for approximately 230 megawatts.
• Potential Scale: Evaluation of opportunities for additional development aggregating up to one gigawatt (1 GW) of load.
• TransAlta's Role: Exclusive site and power provider.
• Strategic Assets Leveraged: Large zoned land position, existing transmission infrastructure, natural gas infrastructure, water infrastructure, and on-site generation.
• Conditions Precedent: All development is subject to regulatory approvals and the parties reaching definitive binding agreements.

Notable Quotes

• "The Keephills site provides a strategic platform that leverages TransAlta's large zoned land position, existing transmission, natural gas and water infrastructure, as well as on-site generation to support long-term project scale," said John Kousinioris, president and chief executive office of TransAlta.