TransAlta is partnering with the Canada Pension Plan Investment Board and Brookfield to power a proposed data centre west of Edmonton at its Keephills natural gas plant. The memorandum outlines an initial 230-megawatt long-term power purchase agreement, potentially scaling to 1,000 megawatts, as Alberta caps new large-load connections at 1,200 megawatts through 2028.
CEO John Kousinioris said the framework aligns with provincial grid constraints as the government targets $100 billion in data centre investment. TransAlta shares rose following the announcement, and the company increased its quarterly dividend while reporting a fourth-quarter net loss.
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