Market Chatter: Brookfield Asset Management, Voltalia Looking Into Data Center Projects in Brazil

MT Newswires Live12-04 18:14

Brookfield Asset Management (BAM), ByteDance, and other investors are pursuing data center projects in Brazil with renewable power company Voltalia, Bloomberg reported Tuesday, citing sources familiar with the matter.

Sources told Bloomberg that Voltalia plans to use its renewable energy projects in Brazil to supply electricity for the planned data centers in Ceara state's Pecem complex. The data centers could reach a capacity of 1 gigawatt, according to a source.

One of the sources said Voltalia is waiting for a tax break approval before finalizing partnerships with investors and that the company has also reached out to tech giants like Alphabet (GOOG, GOOGL) and Meta Platforms (META).

Brookfield Asset Management, ByteDance, and Voltalia did not immediately respond to MT Newswires' requests for comments.

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