Brookfield Asset Management (BAM) announced up to SEK 95B, or $10B, of investment to support the development of AI infrastructure in Sweden. This investment represents one of Brookfield’s largest AI investments in Europe and extends the partnership with the Swedish government, its public authorities, academia and businesses in the region. The Brookfield investment will be centered on a new large AI center in Strangnas, Sweden, creating a strategic infrastructure asset to support the country’s national AI strategy. Brookfield will sign a land allocation agreement for c.350,000 sqm of additional land, enabling the data center site to more than double its capacity from 300MW to 750MW. The new site will create over 1,000 new permanent jobs and add another 2,000 jobs to support the 10-15 year construction process. The facility will be the first of its kind in Sweden and one of the first in Europe.
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