InfraTech Capital, an infrastructure investment and operating platform, has announced it is advancing a proposed investment of around US$ 2.7 billion in a large-scale data center campus in Carson County in the Texas Panhandle.
As outlined in a press release, the campus will cover 5,000 acres and the anchor tenant is an unnamed hyperscaler. The investment is being structured alongside a consortium of leading institutional investors. No other parties have been named and that will remain the case until due diligence has been completed and definitive agreements have been finalized.
“A campus of this scale represents exactly the kind of long-term infrastructure our platform is built to support, while our parallel investment in fiber optic production ensures the network layer keeps pace. We are proud to help build the backbone the digital economy will depend on for years to come,” said Luiz Fuschini, InfraTech Capital President and Chief Executive Officer.
InfraTech Capital says that it is also putting capital behind the expansion of fiber optic cable manufacturing capacity. This includes new production lines with a major global manufacturing partner in support of the fiber requirements of data centers and other digital infrastructure projects.
This announcement comes weeks after InfraTech Capital launched an expansion of its long-term investment strategy. This expansion will involve acquiring, developing and scaling businesses across essential infrastructure sectors. For InfraTech Capital, these sectors are: Digital Infrastructure, Energy Transition & Energy Efficiency, and Infrastructure Real Assets. Strategic mergers and acquisitions are said to serve as a core execution lever across each sector.
“Connectivity, energy and mission-critical assets are converging, and we are building the platform to invest across all three. We pair long-term capital with operational expertise to build the infrastructure businesses the next decade will demand,” Fuschini said earlier this month.
Further details about the proposed Carson County data center are still in the offing. The project may have to be vetted by the Public Utility Commission of Texas (PUCT) and the Electric Reliability Council of Texas (ERCOT) in line with a directive issued by Texas Governor Greg Abbott that w.media reported on earlier this month. The governor instructed PUCT and ERCOT to conduct a verification audit of all data center projects moving through ERCOT’s interconnection process. Whether this data center campus will go through that process or rely on a behind-the-meter power solution isn’t clear at this stage.