Oracle To Pay Data Centre Investors Despite New Mexico Site Power Issues
Legal·1 article across 1 outlet
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Oracle is obligated to make payments related to its 'Project Jupiter' even after issuing a force majeure notice on its New Mexico project. This situation arises as the tech group faces challenges with electricity supply at the site.
The company’s commitment to these payments highlights the complexities involved in large-scale data centre investments, particularly when unforeseen circumstances affect operational capabilities.
Oracle
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“The tech group is responsible for ‘Project Jupiter’ payments despite force majeure notice on New Mexico project”
FT — Oracle on the hook to pay data centre investors even if site has no electricity