New York-based asset manager Brookfield Asset Management plans to acquire additional land on a site in Strangnas — about 55 miles west of Stockholm — that will eventually house a 750-megawatt data center, more than double its previous plan. The Scandinavian country.
“The creation of AI hubs in Europe will enable the continent to compete globally, supporting continued innovation and providing the computing power needed by both businesses and individuals,” Brookfield's European head Sikander Rashid said in emailed comments.
Ensuring sufficient electricity will be the most important goal of the project in a country that already faces a number of electrification needs and capacity issues with its electricity grid.
“We are making progress with the regional grid owner and the national grid operator, which is the norm for such large-scale projects,” Rashid told Bloomberg.
Source: Bloomberg
