InfraCompute / Investments
Meta and BlackRock El Paso data centre joint venture
JV / capital partnership · Meta Platforms · US$14bn, 28 July 2026.
Key terms
- Company
- Meta Platforms
- Date
- 28 July 2026
- Type
- JV / capital partnership
- Value
- US$14bn
- Status
- Announced
- Region
- US
What happened
Meta contributed land and work in progress worth about US$2.3bn to a venture 80% owned by BlackRock funds, for a 1 GW campus due from 2028. Meta took a one-time distribution of about US$1bn. The venture's bonds are already in the register.
Recorded terms
- Capacity
- 1 GW, first capacity 2028
- Meta contribution
- Land and construction in progress, about US$2.3bn
- BlackRock contribution
- About US$4.9bn cash
- Debt
- US$12.5bn (Project Sopaipilla bonds)
- Value basis
- About US$14bn total development cost; BlackRock funds about US$4.9bn cash, with US$12.5bn of debt in the venture
- Segment
- Hyperscale data centre
Parties
Related
More investments
For counsel on a deal like this
M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- DCD: Meta and BlackRock team up for data center in El Paso, TexasSource date: 28 July 2026
About this record
Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.
