Oracle sent a force majeure notice on the Project Jupiter data center
Gizmodo, citing Bloomberg, reports that Oracle sent a force majeure notice on Project Jupiter. CNA reported that the notice went to a Blue Owl unit developing a large New Mexico data center, citing delays in securing power. The site is planned at 2.45 GW, with a target of coming online in 2028. The notice covers obligations on that planned site.
Artificial Intelligence··Midday
The notice went to the Project Jupiter site in New Mexico
Gizmodo, citing Bloomberg, reports that Oracle sent a force majeure notice on Project Jupiter. The New Mexico site is planned at 2.45 GW, with a target of coming online in 2028. The project is one leg of Project Stargate. CNA reported that the notice went to a Blue Owl unit developing a large New Mexico data center, citing delays in securing power. A person familiar with the matter told Reuters on Thursday. The two reports describe the same notice.[1], [2]
The source said Oracle cannot terminate the lease
CNA's source said Oracle cannot terminate the lease. CNA reported Oracle shares down 3.3 per cent and said Blue Owl has about 3 billion dollars of equity in the project, with Oracle responsible for the debt costs. Those figures are the source's note and CNA's report. Gizmodo writes that the notice does not mean the site has opened.[2], [1]
Parties say the schedule continues during the permit dispute
Gizmodo reports neighborhood opposition and a dispute over environmental permits, and says the New Mexico Supreme Court rejected two attempts to stop the permits. Parties say the schedule continues, while Oracle is described as seeking a way out of obligations. CNA puts the reason as delays in securing power. The notice covers obligations. The 2028 target is a stated schedule. Both reports describe a notice about obligations. Gizmodo says the schedule continues, and CNA says the reason is a delay in securing power. There is no end to the lease. Neighborhood opposition and the permit dispute are the setting Gizmodo describes. The high court's rejection of two attempts to stop the permits is in the same report. The Project Stargate link says which programme the site belongs to. The notice sits inside the stated programme. Oracle sent a notice about its obligations. The power delay is the reason from CNA's source. The sentence that the schedule continues is the parties' word as Gizmodo reported it. Both describe the same New Mexico site, and neither treats the site as open. The narrative follows the single development the two independent reports describe. It adds no further event. The figures stay within what the sources wrote. It does not treat the site as open. The power-delay reason sits inside the notice. The schedule stands at 2028.[1], [2]
