Brookfield Announces $10 Billion Investment to Develop AI Infrastructure in Sweden
Brookfield Asset Management has unveiled plans to invest up to SEK 95 billion ($10 billion) to support the development of artificial intelligence (AI) infrastructure in Sweden. This marks one of the company's largest AI-related investments in Europe and strengthens its existing partnership with the Swedish government, academia, public authorities, and businesses in the region.
AI Center and Data Center Expansion in Strängnäs
The core of this investment will be focused on the development of a new large-scale AI center located in Strängnäs, Sweden. The facility will serve as a critical infrastructure asset to support Sweden's national AI strategy. A significant component of the project is a land allocation agreement for approximately 350,000 sqm of additional land. This expansion will enable the data center to increase its capacity from 300MW to 750MW, effectively doubling the facility’s energy potential.
Job Creation and Economic Impact
The project is expected to generate over 1,000 new permanent jobs, along with an additional 2,000 jobs to support the construction efforts over the next 10-15 years. Once completed, the AI center in Strängnäs will be one of the first of its kind in Sweden and will be among the first AI infrastructure hubs of its scale in Europe.
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 realize its economic productivity, it is important to invest at scale in the infrastructure underpinning this technology.”
He added, “This extends beyond data centers 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.”
Also read: New Era Helium & PowerForward Energy Partner for 250MW AI Data Center Power in Texas
Brookfield’s Broader AI Investment Strategy
Brookfield’s investment in Sweden is part of a global strategy aimed at boosting AI infrastructure capabilities. The company has already invested over €100 billion in digital infrastructure, renewable energy, and semiconductor manufacturing worldwide.
Notably, Brookfield had also announced a €20 billion infrastructure investment programin France, which includes a €10 billion investment in the first AI factory in the country. This facility is expected to produce 1GW of new capacity, positioning it as Europe's largest AI infrastructure cluster.
