Brookfield Asset Management has committed to invest up to SEK95bn (€8.7bn) in artificial intelligence (AI) infrastructure in Sweden, centred on a large data-centre site.
The $1trn (€879bn) asset manager, which has been active in the country since 2018, plans to create a new large AI centre in Strängnäs by securing an additional 350,000sqm land allocation, potentially more than doubling its capacity from 300MW to 750MW over a 10-15 year construction process.
Sikander Rashid, head of Europe at Brookfield, said: “We are pleased to extend our partnership with Sweden and support their ambitions to become a leading AI hub in Europe. 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.
“This extends beyond data centres and into data transfer, chip storage and energy generation – today marks another important step for boosting sovereign compute capabilities for both public services and private enterprises in Europe.”
Brookfield’s investments in Sweden span various sectors, including telecom towers, renewable power, social infrastructure and logistics assets.
In February this year, Brookfield, via its European data centre platform Data4, also said it intended to invest up to €15bn in France as part of a €20bn programme to support the country’s AI infrastructure over the next five years.
The asset manager has more than €100bn invested across digital infrastructure, renewable power and semiconductor manufacturing worldwide.
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