TransAlta Enters Memorandum of Understanding for Data Centre Development at Keephills Site with Potential to Scale Up to 1 GW

Executive Summary

• TransAlta entered into a Memorandum of Understanding with Canada Pension Plan Investment Board (CPP Investments) and Brookfield to develop a data centre project at the Keephills site in Alberta.
• The MOU outlines an initial long‑term power purchase agreement for approximately 230 MW and evaluates additional phases that could total up to 1 GW of load.
• Development is contingent on regulatory approvals and execution of definitive binding agreements; TransAlta will serve as the exclusive site and power provider.

Key Details

• Parties Involved: TransAlta Corporation, CPP Investments, Brookfield.
• Location: Keephills site, Parkland County, Alberta.
• Initial Power Commitment: Approx. 230 MW under a long‑term power purchase agreement (PPA).
• Potential Expansion: Evaluation of further phases aggregating up to 1 GW of load.
• Scope of MOU: Framework for phased development; exclusive site and power provision by TransAlta; subject to regulatory approvals and definitive agreements.
• Strategic Rationale: Leverages TransAlta’s existing transmission, natural gas, water infrastructure, and on‑site generation capacity to support large‑scale digital infrastructure.
• Quotes:
• “The Keephills site provides a strategic platform that leverages TransAlta's large zoned land position… We are very pleased to be working with CPP Investments and Brookfield…” – John Kousinioris, President & CEO, TransAlta.

Notable Quotes

• “We look forward to working together to advance digital infrastructure capacity and unlock future investment in Alberta.” – John Kousinioris, President & Chief Executive Officer, TransAlta.