Brookfield to Invest $10 Billion in Sweden’s AI Infrastructure

Brookfield Asset Management, on Wednesday announced up to $10 billion of investment to support the development of artificial intelligence (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 350,000 sq. m. of additional land, enabling the data center site to more than double its capacity from 300 MW to 750 MW. The new site will create over 1,000 new permanent jobs and add another 2,000 jobs to support 10-15 years of construction process. The facility will be the first of its kind in Sweden and one of the first in Europe.

Brookfield has been actively investing in Sweden since 2018 and has extensive operations across the country, including investments in telecom towers, renewable power, social infrastructure and logistics assets.

By anchoring in Sweden, Brookfield will secure strategic partnerships with local governments, universities, and firms like Ericsson and AstraZeneca, which are already leveraging Nvidia’s AI platforms.

A land deal contingent on performance metrics ensures alignment with local development goals, reducing regulatory and reputational risks.

Supporting Sweden’s Ambitions

Sikander Rashid, Head of Europe, Brookfield, said that they were pleased to extend their 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 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,” he added.

Brookfield is one of the world’s largest investors in the AI value chain, with more than €100 billion invested across digital infrastructure, renewable power and semiconductor manufacturing worldwide.

Earlier this year, Brookfield announced a $22.27 billion infrastructure investment program in France, which includes a $11.38 billion investment into the first AI factory in the country. This site will create 1 GW of new capacity, making it Europe’s largest AI infrastructure cluster.