Lighthouse Canton flags power, permitting delays as non-demand risk to AI trade after Oracle force majeure notice
Bitget2026/09/25 09:05- Lighthouse Canton analysis flagged power and permitting delays as a non-demand risk to the AI trade, citing Oracle’s force majeure notice on Project Jupiter.
- Bloomberg reported Oracle sought protection from cost overruns, preserving an option to delay payments if the site misses its 2028 opening.
- The 2.45GW New Mexico campus underpins Oracle capacity commitments to OpenAI under a USD 400 billion, five-site data center deal.
- Pipeline permitting setbacks pushed expected service to Feb. 1, 2027, leaving Bloom Energy fuel cells unable to run without gas supply.
- The note warned delays can hit developer IRRs, slip chip deployments, strain USD 18 billion in loans, widen credit spreads across data centers.
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