TechnologyOracle reportedly sends force-majeure notice over New Mexico data center
Bloomberg reports Oracle is seeking to delay payments if Project Jupiter misses its planned 2028 opening, not walk away as its main tenant.
TLDR
Oracle sent a force-majeure notice to the Blue Owl Capital unit developing Project Jupiter in New Mexico, according to Bloomberg sources cited by CNBC. The report says Oracle wants protection from payments if the AI data center misses its planned 2028 opening, not an exit from the project. The notice follows regulatory setbacks around the campus's power infrastructure. Oracle has promoted a revised fuel-cell microgrid plan, while state permitting and a proposed gas-pipeline route have faced legal and administrative challenges.
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Oracle reportedly sends force-majeure notice over New Mexico data center
Bloomberg reports Oracle is seeking to delay payments if Project Jupiter misses its planned 2028 opening, not walk away as its main tenant.
TLDR
Oracle sent a force-majeure notice to the Blue Owl Capital unit developing Project Jupiter in New Mexico, according to Bloomberg sources cited by CNBC. The report says Oracle wants protection from payments if the AI data center misses its planned 2028 opening, not an exit from the project. The notice follows regulatory setbacks around the campus's power infrastructure. Oracle has promoted a revised fuel-cell microgrid plan, while state permitting and a proposed gas-pipeline route have faced legal and administrative challenges.
