A finished data center earns nothing until the tenant's chips arrive, on a date no developer controls. Inside the allocation queue, firm rent commencement, cooling obsolescence, and counterparty risk.
That four-to-five-year number is the generator queue, and a data center is a load: different process, different rules. ERCOT's Batch Zero load process has been frozen since 3 August with no restart date (thank Governor Abbot's re-election campaign for that), so is the risk a long wait or an open-ended one?
That four-to-five-year number is the generator queue, and a data center is a load: different process, different rules. ERCOT's Batch Zero load process has been frozen since 3 August with no restart date (thank Governor Abbot's re-election campaign for that), so is the risk a long wait or an open-ended one?
Great question. We already have a long wait in most states (4-7 years) and open ended wait period would make a bad situation worse.