Investors finance on-site power to ease AI bottlenecks

The article is a press-coverage interview excerpt quoting Carl H. Bivens of Troutman Pepper Locke about how investors are structuring financing for on-site power tied to AI and data center development.

• Bivens said private equity and other capital are driving different structures, with investors often seeking an ownership interest in the developer entity.
• He said lenders and investors prefer longer customer commitments, increasingly favoring 10- to 15-year commitments from large cloud providers with five-year renewal options to support cash flow and amortize behind-the-meter power and data center build costs.