We describe compactifications of the moduli spaces of SU(2) monopoles on R3 as manifolds with corners, with respect to which the hyperKaehler metrics admit asymptotic expansions up to each boundary face. The boundary faces encode monopoles of charge k decomposing into widely separated monopoles of lower charge, and the leading order asymptotic of the metric generalizes the one obtained by Gibbons, Manton and Bielawski in the case of complete decomposition into monopoles of unit charge. From the structure of the compactifications, we prove part of Sen's conjecture for the L2 cohomology of the strongly centered moduli spaces by adapting an argument of Segal and Selby.
Comment: 28 pages. Part I contains a description of the compactification and a proof of part of Sen's conjecture given the compactification. The proof of a key theorem needed for the construction of the compactification will appear in Part II