CPP Investments Commits $1.75 Billion to EQT/EdgeConneX AI Data-Center Buildout; Plans 10+ Gigawatts of Capacity
- Canada Pension Plan Investment Board announced a US$1.75 billion (C$2.4 billion) commitment to EQT's AI-infrastructure strategy anchored by EdgeConneX, the data-center platform EQT acquired in 2020; the deal closed after customary approvals (CPP Investments press release, Globe and Mail).
- EdgeConneX has scaled capacity ~20× since the EQT buyout to more than 20 countries and plans to develop more than 10 gigawatts of additional data centers — enough to power millions of homes — under the partnership.
- The move extends CPP's 2026 digital-infrastructure push, which already includes a US$4 billion deal to buy Nordic operator atNorth with Equinix and up to $1 billion with India's CtrlS, underscoring how sovereign and pension capital is still flooding into AI infrastructure even as public-market AI-trade signals roll over (BotNews 118).