Brookfield targets $27 billion AI data center at power station. Energy firm Drax surges 8%
According to reporting by CNBC International Markets, Europe is scrambling to develop infrastructure to support the rollout of AI amid high energy and land costs.
International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.
“International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.”
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- •Official Issuing Wire: CNBC International Markets
- •Editorial Desk: Global Economy
- •Coverage Domain: WORLD
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CNBC International Markets, Europe is scrambling to develop infrastructure to support the rollout of AI amid high energy and land costs.
Detailed Factual Report
Brookfield is targeting a massive artificial intelligence data center in the north of England, as Europe scrambles to develop infrastructure to support the rollout of AI amid high energy and land costs.
Energy company Drax Group said Tuesday it has signed an agreement with Brookfield and the asset manager's neocloud platform Radiant to jointly develop an AI data center on the Drax Power Station estate in North Yorkshire. London-listed shares of Drax were up 8.2% in early morning trading.
The project is initially targeting up to 100 megawatts of capacity to be operational from the first quarter of 2028, with an additional 500 MW of capacity brought online between 2028 and 2031. It is then looking to secure more than 1 gigawatt of capacity at the site by an unspecified date.
Brookfield estimates that total investment, including semiconductors, could exceed £20 billion ($26.8 billion), with an initial £2.5 billion investment as part of phase 1.
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Source & Verification Provenance
Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/03/brookfield-ai-data-center-yorkshire-drax.html. Reporting and editorial review conducted by the USA NOW News Desk.
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Official communications from CNBC International Markets highlight significant international developments and strategic implications involving United States.
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Reporting indicates engagement among foreign ministries, diplomatic representatives, and international monitoring institutions.
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Direct official transcripts and bulletins are distributed via CNBC International Markets at https://www.cnbc.com/2026/11/03/brookfield-ai-data-center-yorkshire-drax.html.
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- CNBC International Markets — https://www.cnbc.com/2026/11/03/brookfield-ai-data-center-yorkshire-drax.html
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