Brookfield to build $15b AI data centre in Sweden
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The news: Brookfield Asset Management plans to invest as much as 95 billion Swedish crowns ($15.3 billion) on a new AI data centre in Sweden.
The numbers: The asset manager said that the investment would be allocated to building a centre in Strangas, 50 miles west of Stockholm. The agreement will see Brookfield host the facility on roughly 3.77 million square feet of land. Construction is expected to take 10-15 years and will generate 1,000 long-term jobs.
The news follows the launch of Brookfields’ new infrastructure investment program in France to which it committed €20 billion, including €10 billion for an AI factory in the country.
The context: Responding to the announcement, Swedish Prime Minister Ulf Kristersson said that the data centre will be one of the largest of its kind in Europe.
“It is also one of the largest investments in AI infrastructure to date in our country. I think it is especially cool that it is in my hometown. We have a fantastic tech scene and the latest investments from companies like Brookfield, Nvidia and Microsoft are clear evidence of that,” Kristersson added.
Sikander Rashid, Brookfield’s head of Europe, said in a statement: “To compete in the development of AI and realise its economic productivity, it is important to invest at scale in the infrastructure underpinning this technology."
The sources: Reuters, WSJ, Ulf Kristersson X
