Pembina & Kineticor Announce Joint Venture for the Greenlight Electricity & Data Centre Complex
Pembina Pipeline (NYSE: PBA) has acquired a 50% stake in Greenlight Electricity Centre Partnership, partnering with Kineticor Holdings LP #3. The joint venture is developing the Greenlight Electricity Centre (GLEC), a proposed multi-phased gas-fired power facility with up to 1,800 MW capacity and carbon capture capabilities, alongside an 1,800 MW data centre complex in Alberta's Industrial Heartland.
The project, managed by Kineticor, will be developed in 450 MW modular phases to match market demand. Currently in Stage 3 of the AESO interconnection process, GLEC targets grid interconnection by early 2027. The facility can either supply power to co-located data centres or feed directly into Alberta's power grid.
This development aligns with Alberta's goal to attract $100 billion in data centre investments by 2030. The strategic location offers access to transmission lines, utility infrastructure, carbon sequestration, and fiber connectivity.
Pembina Pipeline (NYSE: PBA) ha acquisito una partecipazione del 50% nella Greenlight Electricity Centre Partnership, collaborando con Kineticor Holdings LP #3. La joint venture sta sviluppando il Greenlight Electricity Centre (GLEC), una proposta di impianto di generazione di energia a gas suddiviso in più fasi, con una capacità fino a 1.800 MW e capacità di cattura del carbonio, insieme a un complesso di data center da 1.800 MW nell'Industrial Heartland dell'Alberta.
Il progetto, gestito da Kineticor, sarà sviluppato in fasi modulari da 450 MW per adattarsi alla domanda di mercato. Attualmente nella Fase 3 del processo di interconnessione AESO, GLEC punta a collegarsi alla rete entro l'inizio del 2027. L'impianto può fornire energia ai data center co-localizzati o alimentare direttamente la rete elettrica dell'Alberta.
Questo sviluppo si allinea con l'obiettivo dell'Alberta di attrarre 100 miliardi di dollari in investimenti nei data center entro il 2030. La posizione strategica offre accesso a linee di trasmissione, infrastrutture pubbliche, sequestro di carbonio e connettività in fibra.
Pembina Pipeline (NYSE: PBA) ha adquirido una participación del 50% en la Greenlight Electricity Centre Partnership, asociándose con Kineticor Holdings LP #3. La empresa conjunta está desarrollando el Greenlight Electricity Centre (GLEC), una planta de energía a gas propuesta en múltiples fases, con una capacidad de hasta 1,800 MW y capacidades de captura de carbono, junto con un complejo de centros de datos de 1,800 MW en el Industrial Heartland de Alberta.
El proyecto, gestionado por Kineticor, se desarrollará en fases modulares de 450 MW para adaptarse a la demanda del mercado. Actualmente en la Fase 3 del proceso de interconexión de AESO, GLEC tiene como objetivo la interconexión a la red para principios de 2027. La instalación puede suministrar energía a los centros de datos co-localizados o alimentar directamente la red eléctrica de Alberta.
Este desarrollo se alinea con el objetivo de Alberta de atraer 100 mil millones de dólares en inversiones en centros de datos para 2030. La ubicación estratégica ofrece acceso a líneas de transmisión, infraestructura de servicios públicos, secuestro de carbono y conectividad de fibra.
펨비나 파이프라인 (NYSE: PBA)는 Kineticor Holdings LP #3과 협력하여 Greenlight Electricity Centre Partnership의 50% 지분을 인수했습니다. 이 합작 투자는 Greenlight Electricity Centre (GLEC)를 개발하고 있으며, 이는 최대 1,800 MW 용량과 탄소 포집 기능을 갖춘 다단계 가스 발전 시설과 알버타 산업 심장부에 위치한 1,800 MW 데이터 센터 복합체를 포함합니다.
이 프로젝트는 Kineticor에 의해 관리되며, 시장 수요에 맞춰 450 MW 모듈 단계로 개발될 예정입니다. 현재 AESO 상호 연결 프로세스의 3단계에 있으며, GLEC는 2027년 초까지 전력망 연결을 목표로 하고 있습니다. 이 시설은 공동 위치의 데이터 센터에 전력을 공급하거나 알버타 전력망에 직접 공급할 수 있습니다.
이 개발은 알버타가 2030년까지 1,000억 달러의 데이터 센터 투자 유치 목표와 일치합니다. 전략적 위치는 송전선, 공공 인프라, 탄소 포집 및 섬유 연결에 대한 접근을 제공합니다.
Pembina Pipeline (NYSE: PBA) a acquis une participation de 50 % dans le Greenlight Electricity Centre Partnership, en partenariat avec Kineticor Holdings LP #3. La coentreprise développe le Greenlight Electricity Centre (GLEC), une installation de production d'électricité à gaz proposée en plusieurs phases, avec une capacité allant jusqu'à 1 800 MW et des capacités de capture de carbone, ainsi qu'un complexe de centres de données de 1 800 MW dans le cœur industriel de l'Alberta.
Le projet, géré par Kineticor, sera développé en phases modulaires de 450 MW pour s'adapter à la demande du marché. Actuellement à l'étape 3 du processus d'interconnexion de l'AESO, GLEC vise une interconnexion au réseau d'ici début 2027. L'installation peut soit fournir de l'énergie aux centres de données co-localisés, soit alimenter directement le réseau électrique de l'Alberta.
Ce développement s'aligne avec l'objectif de l'Alberta d'attirer 100 milliards de dollars d'investissements dans les centres de données d'ici 2030. L'emplacement stratégique offre un accès aux lignes de transmission, aux infrastructures publiques, à la séquestration du carbone et à la connectivité en fibre.
Pembina Pipeline (NYSE: PBA) hat eine 50% Beteiligung an der Greenlight Electricity Centre Partnership erworben und arbeitet mit Kineticor Holdings LP #3 zusammen. Das Joint Venture entwickelt das Greenlight Electricity Centre (GLEC), eine vorgeschlagene mehrphasige gasbefeuerte Energieanlage mit einer Kapazität von bis zu 1.800 MW und CO2-Abscheidungsfähigkeiten, zusammen mit einem 1.800 MW großen Rechenzentrumskomplex im Industrial Heartland von Alberta.
Das Projekt, das von Kineticor geleitet wird, wird in modularen Phasen von 450 MW entwickelt, um der Marktnachfrage gerecht zu werden. Derzeit befindet sich GLEC in Phase 3 des AESO-Interkonnektionsprozesses und strebt eine Netzverbindung bis Anfang 2027 an. Die Anlage kann entweder Strom an die ko-lokierten Rechenzentren liefern oder direkt in das Stromnetz von Alberta einspeisen.
Diese Entwicklung steht im Einklang mit dem Ziel Albertas, bis 2030 100 Milliarden Dollar in Rechenzentrumsinvestitionen anzuziehen. Der strategische Standort bietet Zugang zu Übertragungsleitungen, Versorgungsinfrastruktur, Kohlenstoffspeicherung und Glasfaserverbindungen.
- 50% stake acquisition in large-scale power generation project
- Potential revenue from 1,800 MW power generation capacity
- Strategic location near existing infrastructure reduces development costs
- Opportunity to leverage Alliance Pipeline for natural gas supply
- Project aligned with growing data centre market demand
- Significant capital investment required for development
- Project success dependent on securing data centre customers
- Grid interconnection not expected until 2027
- Competition in growing data centre power market
Insights
Pembina's 50% acquisition in Greenlight LP marks a strategic diversification into power generation specifically targeting the high-growth data center market. This represents a natural extension of Pembina's midstream business, creating an integrated gas-to-power value chain by potentially utilizing its Alliance Pipeline for gas supply while positioning for future carbon management through its Alberta Carbon Grid initiative.
The phased development approach (450 MW modules up to 1,800 MW) is financially prudent, allowing Pembina to match capital deployment with secured customer commitments and market demand. This project positions Pembina to capture value from two high-demand growth markets: power generation in an increasingly supply-constrained Alberta electricity market, and the rapidly expanding data center industry with its substantial power requirements.
For investors, this represents potential for stable, contracted cash flows through long-term power purchase agreements with data centers, complementing Pembina's existing fee-based midstream business model. The project's advanced regulatory status (Stage 3 AESO interconnection) reduces development risk, with targeted grid interconnection by early 2027.
While financial terms and capital requirements weren't disclosed, this partnership leverages complementary strengths: Pembina's midstream expertise and balance sheet combined with Kineticor's power development capabilities (demonstrated through their successful 900 MW Cascade Power Plant). This positions Pembina to participate in Alberta's ambitious
Greenlight LP is developing the Greenlight Electricity Centre ("GLEC" or "Project") which is a proposed multi-phased gas-fired combined cycle power generation facility of up to 1,800 MW with carbon capture optionality coupled with significant land holdings that can accommodate a co-located 1,800 MW data centre complex. The Project would be constructed on land already zoned for heavy industrial use and strategically located near transmission lines, utility infrastructure, carbon sequestration, and fiber in
The GLEC is managed by Kineticor, which successfully developed, constructed, and currently operates the 900 MW Cascade Power Plant near
"We are excited to be partnering with Kineticor and for the opportunity to further extend our value chain to provide power to a promising new
"We are thrilled to partner with Pembina on this transformative project," said Andrew Plaunt, CEO of Kineticor. "
Power Generation to Support Alberta's Growing Data Centre Demand
The GLEC is one of the largest and most advanced baseload power developments in Alberta. Designed to meet the increasing electricity needs driven by the province's growing data centre industry, the facility will be developed in modular phases of approximately 450 MW each to scale with market demand, up to a maximum initial nameplate design of 1,800 MW. The power generation facility is currently in Stage 3 of the Alberta Electric System Operator ("AESO") interconnection process, and is progressing through permitting, design, and contracting. GLEC has the optionality to supply power to a co-located data centre or feed directly into
Data Centre Development and Power Offtake Agreements
Greenlight is well progressed on an 1,800 MW load application with the AESO on the lands surrounding the GLEC and is targeting grid interconnection in early 2027. Greenlight is actively engaging with numerous customers regarding locating their data centres on GLEC lands and/or procuring long-term power offtake from the Project. GLEC offers prospective customers speed to market and ample ability to scale their growth with reliable and cost-effective power supply. Located near
Supporting
The Government of
About Kineticor Asset Management
Kineticor Asset Management is a leading developer, manager, and operator of power generation facilities within
About Pembina
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served
About OPTrust
With net assets of
View original content:https://www.prnewswire.com/news-releases/pembina--kineticor-announce-joint-venture-for-the-greenlight-electricity--data-centre-complex-302388023.html
SOURCE Kineticor Asset Management LP
FAQ
What is the capacity of Pembina's (PBA) new Greenlight Electricity Centre project?
When will Pembina's (PBA) Greenlight Electricity Centre begin grid interconnection?
How will Pembina (PBA) develop the Greenlight Electricity Centre phases?
What is the ownership structure of Pembina's (PBA) Greenlight project?
How does the Greenlight project align with Alberta's data centre goals?
