Project FinanceEnergy & RenewablesSIGNED
Brookfield Backs Drax for Biomass-Powered Data Centre
Value
£20.0Bn
Acquirer
Brookfield
Target
Drax biomass-powered data centre project
Drax has landed Brookfield backing for a biomass-powered data centre. The wood-fired plant would supply one of the UK’s largest data centres under the full £20bn plan.
✦ Meridian Analysis
Brookfield’s involvement in Drax’s biomass‑powered data‑centre project has moved beyond speculation to a signed agreement, according to the Financial Times. Brookfield backs Drax's biomass‑powered data‑centre project. Bloomberg reports that Brookfield, together with the Qatar Investment Authority, will commit roughly £2.5 billion, while The Globe and Mail notes the broader partnership targets a $27 billion AI‑focused data‑centre development. No details on the debt tranche, leverage ratios or the equity split have been disclosed.
What remains to be clarified are the final pricing terms, the exact composition of the financing package and the advisory teams involved. Stakeholder approvals, particularly from UK energy regulators and data‑centre planning authorities, will be critical to the timetable, as will any additional equity commitments from partners such as QIA.
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