A new partnership is laying the groundwork for the world’s largest A.I. Data Centre Industrial Park to be built in the Greenview Industrial Gateway (GIG).
The Municipal District of Greenview has partnered with O’Leary Ventures to build an off-grid natural gas and geothermal power infrastructure to support the Wonder Valley project.
(Photo Credit: O’Leary Ventures)
The GIG has signed a letter of Intent with O’Leary Ventures for the purchase and development of thousands of acres of land within and south of the GIG to create a new industry sector for the region and country over multiple phases.
Click here to read the media release from the Municipal District of Greenview.
This is fantastic news for Alberta,” says premier Danielle Smith. “Our efforts to attract investment, grow our technology and innovation sector, and leverage our natural and human resources are being noticed. I’m excited to watch this project unfold in the months and years to come.”
“This is more than just an investment in land; it’s an investment in the future of innovation and economic expansion for Canada,” says Tyler Olsen, Reeve, MD of Greenview. “We’re excited to take this step forward, creating lasting benefits not only for our municipality but for the surrounding communities, and the country as a whole.”
“The GIG project is proof that Alberta is a destination of choice for data centres and their corresponding power generation infrastructure,” says Nate Glubish, Minister of Technology and Innovation. “This exciting announcement from O’Leary Ventures demonstrates that the work our government has done over the last nine months to promote Alberta to data centre operators and investors is paying off. Alberta is open for business, and we’re just getting started.”
“My joint venture team led by Paul Palandjian, CEO O’Leary Ventures and Carl Agren, CEO, HPC and AI Data Centres, has sourced what we believe is the most compelling site in all North America to generate and offer 7.5 GW of low-cost power to hyper-scalers over the next 5-10 years,” says Kevin O’Leary, Chairman of O’Leary Ventures. “Given existing permits, proximity to stranded sources of natural gas, pipeline infrastructure, water and a fiber optic network within just a few kilometers of the Greenview Industrial Gateway, we will be in the ground and up and running sooner than any scale project of its kind.”
