12:43:38 EDT Fri 10 Jul 2026
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Capital Power Corp
Symbol CPX
Shares Issued 156,888,809
Close 2026-07-09 C$ 75.95
Market Cap C$ 11,915,705,044
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Globe says Meta plans $13B data centre in Alberta

2026-07-10 07:19 ET - In the News

See In the News (C-META) Meta CDR (CAD Hedged)

The Globe and Mail reports in its Friday, July 10, edition that Meta's $13-billion investment in an Alberta artificial intelligence data centre is set to benefit the province's utilities and natural gas producers. The Globe's Andrew Willis writes that Meta announced plans Wednesday to build a one-gigawatt facility in Sturgeon county. The project will use about three-quarters of the electricity consumed by Edmonton and will be powered by the nearby $4.6-billion Greenlight natural gas plant announced last year. A consortium led by Pembina Pipeline is building the Greenlight facility. Capital Power also announced a long-term, 250-megawatt power contract with Meta this week. Bank of Nova Scotia analyst Robert Hope says the Meta investment shows that global hyperscalers are ready to invest significantly in Alberta. Five years ago, Meta rival Amazon launched a $4.3-billion data centre in the Calgary suburbs. Analysts say Pembina, Capital Power and other Alberta utilities are negotiating with additional data centre operators. Alberta is welcoming tech companies as many North American regions have paused data centre developments due to concerns that these facilities could increase electricity prices for consumers.

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