In TrendsStock MarketNSE IPO ListingStocks to BuyOil PricesGold and SilverOracle triggers 'force majeure' on data center project over power delays: ReportThe 1,400-acre Project Jupiter campus, which secured $18 billion in loans from a consortium of banks, according to media reports, is part of Oracle’s broader agreement with OpenAI to provide AI computing capacity.By Reuters September 25, 2026, 7:44:04 AM IST (Published)(Photo Credit : Company Website)Oracle issued a "force majeure” notice to a Blue Owl unit, the developer of a large New Mexico data center, citing potential delays in securing power for the project, a person familiar with the matter told Reuters on Thursday.Shares of Oracle were down 3.3%. The source said that securing power for the site is Oracle’s responsibility under the contract.Oracle cannot terminate the lease under any circumstances, the source said, adding that alternative asset manager Blue Owl has about $3 billion in equity in the project, with Oracle responsible for paying the debt costs.Also Read: Oracle tops estimates as AI demand tempers cash-burn fearsCompanies typically invoke force majeure to free themselves from contractual obligations when problems arise beyond their control, a move that can raise concerns among lenders and investors.Rather than exiting as the main tenant, Oracle…
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