The Wrap: archive
Every The Wrap story in Infrastructure, newest first. 82 stories
1 story
Google and Voltus expand PJM virtual power plant to 1,170 MW
The expansion adds 1,070 MW to the June 100 MW program, with a three-to-four-year ramp and a 2040 term.
2 stories
Anthropic in talks for second 460MW lease at Nscale's West Virginia campus
The reported $45 billion contract would double Anthropic's committed capacity at Monarch to 920MW; Microsoft already holds 1.35GW there.
Solar PPA prices rise 5% in Q3 as Section 232 tariffs near
LevelTen estimates the tariffs could add $3 to $7 per megawatt-hour once they take effect later this year.
1 story
ABB US orders jump 82%; LS Power and Blackstone close funds
LS Power's $6bn fund earmarks $1.7bn for Constellation, while Blackstone's energy-transition fund closes at $8.7bn.
2 stories
Microsoft-NiSource power deal makes data center customer fund its own generation
The 20-year contract, closed Oct. 19, adds roughly 1.1GW to NiSource's portfolio from 2028 and covers a northern Indiana data center.
Uruguay signs $5.7bn Solaria deal for up to 500MW of solar-paired capacity
Phase one pairs a 200MW data center with a 350MW solar project and is due in 2029, according to the newsroom's data basis.
2 stories
NERC stakeholders back draft reliability rules for 50MW-plus compute loads
The draft covers 50 MW-plus AI data centers and crypto miners at 100 kV or above; the next step is the NERC board, then FERC.
AEP to buy up to 1.6 GW Mainspring units, plans $4B Cheyenne fuel cells
The eight-year Mainspring agreement carries a stated ceiling of up to $4 billion; the 702 MW Cheyenne project pairs Bloom Energy fuel cells with a 20-year Google PPA.
2 stories
SoftBank asks PJM to study 10-GW Ohio data center complex under state agreement
The filing pairs 9.6 GW of added load with 10.2 GW of SB Energy gas-fired generation through 2032 and three new AEP Ohio 765-kV lines.
Oregon pauses data center permits until July 2027; Taylor approves 1GW gas campus
The Oregon pause covers air-quality permits and municipal wastewater applications; the PowerHouse-Big Watt campus would pair a 750MW on-site plant with a 500MW first phase.
1 story
FERC approves Duke Energy Carolinas large-load rules requiring 75% payment for 15 years
New or transferred large loads must pay a committed revenue contribution equal to 75% of the megawatt value in the load schedule for 15 years.
1 story
JE Dunn-Alberici JV starts construction on Saronic's $3.2B Texas shipyard
Saronic's initial 835-acre Port Alpha site can expand to nearly 4,400 acres.
2 stories
CVC's Naturgy stake sale and Greenvolt battery debt reported without key terms
Renewables Now reported CVC's sale of its entire 13.8% Naturgy stake and Greenvolt's UniCredit debt for a 400 MW Polish battery portfolio; neither report gives a price, facility size or tenor.
PJM clears 2.1 GW as RWE adds EUR 3.6bn to its Amprion stake
Both PJM projects are expected online by mid-2029, after the expedited track that cleared them lapses at the end of 2027.
2 stories
DOE offers Vistra a $4.2 billion conditional loan for 433 MW of nuclear uprates
The commitment is tied to Vistra's 2.6-gigawatt Meta agreement and would preserve roughly 4 gigawatts of PJM nuclear, with funding awaiting technical, legal, environmental and financial reviews.
Bain projects $5tn to $6.5tn data center spending through 2030
Power availability, electrical labor and local opposition are the near-term constraints, not capital.
2 stories
Virginia Lieutenant Governor Hashmi opposes NextEra-Dominion merger over data center cost risk
NextEra says Dominion Energy Virginia would remain locally led and fully regulated.
Constellation signs 890-MW Google nuclear PPA as PJM backstop stalls
The Google agreement and an Amazon contract support almost 1.1 GW of expansion at existing reactors; no price was disclosed.
1 story
No-price infrastructure deals spread beyond renewables to data centers and transmission
Macquarie's Zerra DC backing, Peru's first transmission bundle, and a £60 million NatWest loan all omit the figures investors normally use to price assets.
2 stories
Peru signs its first transmission bundle, P3 Bulletin reports
No counterparty, term or capital figure was disclosed. The same roundup lists an Equitix hire, a Metrolinx-to-Alto appointment, and three items already covered.
TeraWulf doubles Kentucky data center power contract to 1GW as utility financing tightens
Amazon's 690MW Calvert Cliffs nuclear PPA anchors a hyperscaler for two decades, while U.S. Bank warns utilities are turning to backup bank financing as DOE loans pull back.
4 stories
Data center developers turn to legacy industrial sites as permitting tightens
Blackstart Digital's agreement to buy IBM's Almaden campus, with its 25MW substation, is the month's clearest case of a developer paying for power that already exists.
P3 Bulletin digest: consultant searches, executive hires, and one $50 million World Bank loan
Consultant and adviser searches dominate the latest file, which also lists three executive moves and a $50 million sanitation P3 in Paraíba.
Three advisor teams land at Cetera, LPL and Wells Fargo FiNet
The October 5 moves pulled a $185 million team from Commonwealth, a three-advisor team from Cambridge and a seven-advisor team from UBS.
Lambda and Sharon AI price GPU-backed debt 317 basis points apart
Lambda's $1bn facility is rated investment grade and priced at 6.78%; Sharon AI's $365m of SPV debt came at 9.95%.
2 stories
Virginia governor bans data-center NDAs as the Senate blocks a power-cost bill
The order also expedites noise rules and orders a review of diesel generator impacts; Dominion Energy and Appalachian Power must file utilization metrics by Oct. 15.
Fluor and JGC split $15bn LNG Canada phase-two EPC work
The same week's renewables deals with Meta, Amazon, NZ Clean and Ørsted disclosed no price, offtake, or both.
1 story
SPP's Western adequacy stop-gap draws four protests, including its own monitor
WAPA, Basin Electric and Guzman Energy seek changes to the Sept. 4 filing, which would run until June 1, 2027.
1 story
Pittsburgh targets one-day approval for simple building permits and adds virtual inspections
The city counts roughly 20,000 vacant homes and an 11,000-home affordable shortfall as it reworks its permit queue.
2 stories
Schneider Electric launches Motivair WCDU for data centers mixing air and liquid cooling
The unit handles up to 3.5MW from the technical corridor and ships next month in regions the launch does not name, with US pre-orders opening in early 2027.
How 230-kW AI racks are shifting data center capital to switchgear and rate design
Vertiv's 22,000-square-meter Slovakia expansion and Michigan's outcome-linked earnings proposal show where reliability money goes while Oklo's 750 MW sits out of PJM's queue after a FERC procedural rejection.
3 stories
Washington's grid money stops buying new corridors
The $1.9 billion SPARK package buys 23 gigawatts on lines that already exist, turning the data center buildout's power schedule into a question of tariff design.
Michigan's ratemaking push puts capex compounding on the table
A longer filing calendar is the easy half of the commission's affordability package; outcome-linked earnings are the half that reprices the asset class.
Development capital now writes checks on blank term sheets
Proparco, Finnfund and CIB disclosed check sizes while withholding the asset terms that would let anyone price the exposure.
3 stories
The utility tariff is now the data center credit screen
Before any offtake is signed, collateral, minimum bills and exit fees are sorting the data center pipeline by balance sheet.
New York orders utilities to inventory AI, buying the map first
The filings will push machine-learning systems into prudence review, starting with the model that releases interconnection capacity.
The permit is now the power contract
California, Texas and Australia are writing water, load and grid-cost terms into local approvals, so capacity gets announced before anyone prices the project.
2 stories
Sundt starts Denton's plant carrying the overrun risk
A $92 million Denton reclamation plant breaks ground seven months after award, making the gap between approval and shovels the variable to watch in Texas water work.
Texas turns public consent into a queue condition
Abbott's August halt folded community and ratepayer support into the same diligence binder as the interconnection agreement; December's audit will show which developers actually did the work.
1 story
The P3 file is still paperwork, and Maryland is the test
Most of the file is advisory and unpriced; the one exception is a Maryland sports complex search that names a counterparty.