Kevin O’Leary Leads Visionary $70 Billion AI Data Centre Project in Alberta

Dragon turned Shark Kevin O’Leary is spearheading a transformative initiative to establish the world’s largest AI data centre industrial park, Wonder Valley, in Alberta’s Greenview Industrial Gateway (GIG).

This ambitious project, undertaken in partnership with the Municipal District of Greenview, aims to position Alberta as a global leader in cutting-edge data infrastructure and sustainable energy innovation.

O’Leary, through O’Leary Ventures, has signed a Letter of Intent to acquire and develop thousands of acres within and south of the GIG. With a phased rollout, Wonder Valley will feature an off-grid power solution driven by natural gas and geothermal energy, delivering up to 7.5 GW of low-cost power to hyperscale data centres over the next decade.

“My team has sourced what we believe is the most compelling site in all of North America,” said O’Leary. “This project combines unmatched resources, strategic location, and an efficient design to deliver transformative economic impact with some of the lowest carbon emissions possible. This is the Greenview Model.”

The project’s first phase, involving a USD $2 billion investment to deliver 1.4 GW of power, is set to redefine the global AI and data centre landscape. The total investment for infrastructure, power systems, and data centre construction is expected to exceed $70 billion.

“This isn’t just about building a data centre,” O’Leary emphasized. “This is about creating a sustainable future, leveraging Alberta’s natural resources and policies to set a global benchmark for AI compute reliability and efficiency.”

Strategically located near stranded natural gas reserves, pipeline infrastructure, water, and fiber-optic networks, the GIG provides the perfect foundation for rapid deployment. The cold climate and skilled local workforce further enhance its viability.

O’Leary Ventures’ plan is poised to deliver far-reaching benefits, including thousands of jobs during construction and operation, significant tax revenue, and a boost to the region’s economic vitality. The project also integrates sustainable energy solutions, including geothermal power, to ensure environmentally responsible development.

“This is fantastic news for Alberta,” said Premier Danielle Smith. “This project highlights Alberta’s ability to attract global investments and grow our technology sector.”

Minister of Technology and Innovation Nate Glubish echoed these sentiments: “This announcement demonstrates Alberta’s potential as a destination for data centres and innovation.”

O’Leary’s team has prioritized partnerships with First Nations communities, ensuring that the project fosters mutual benefits and respects Indigenous lands and traditions. “This is about building a legacy that honors the people and the land for generations to come,” said Paul Palandjian, CEO of O’Leary Ventures.

With Wonder Valley, Kevin O’Leary aims to establish Alberta as a leader in AI infrastructure while setting a new standard for sustainable, large-scale data centre projects.

“This is an investment in the future of Canada and the global technology ecosystem,” O’Leary concluded. “We’re building something that will define the next era of innovation and economic expansion.”

As construction gears up, Wonder Valley promises to attract global attention and redefine Alberta’s role on the world stage in technology and sustainability.