Swiss-Backed Data Center Plan Targets €8 Billion in Gas-Rich Alberta

A data center project in Alberta that’s backed by European firms has the potential to be worth as much as €8 billion ($9.4 billion) over the next several years, says the head of one of the companies involved.

Data District, a division of Swiss-based manager Alcral AG, has partnered with Technologies New Energy Plc, or TNE, on a proposal for multiple data centers in the western Canadian province. The €780 million first phase, announced in December, begins with a site in Olds, about an hour’s drive north of Calgary.