Data center campus
Meta / BlackRock El Paso AI Data Center Campus
Meta / BlackRock El Paso AI Data Center Campus is an announced AI data center campus. 1 GW of capacity has been announced; none is energized yet. The gap is what this page tracks: what is claimed versus what is actually built, each figure dated and sourced.
Under construction · Private land · El Paso, Texas, United States
Capacity: announced vs energized
Announced-to-energized gap: 1 GW. Every figure below is a single dated, sourced claim. Current best per series resolves by evidence tier, then date. See the methodology.
| Source | ||||
|---|---|---|---|---|
| Announced | 1 GW | 2026-07-28 | verified | press release |
| Contracted | 1 GW | 2026-07-28 | reported | utility filing |
| Energized | 0 GW | 2026-07-28 | verified | press release |
The deal
- developer
- Meta Platforms · Built the campus; retains 20% of the venture and leases capacity back (4-year initial term, up to ~20 years)
- financier
- BlackRock (managed funds) · Owns 80% of the venture; ~$4.9B cash contribution plus $12.5B debt financing
- utility
- El Paso Electric · Grid supplier, up to 1.0 GW (WECC region)
Power
- Power source
- mixed
- Interconnection
El Paso Electric grid supply, 1 GW grid interconnect, Announced. Up to 1.0 GW committed, right to request up to 1.4 GW; El Paso Electric is a WECC utility
Proposed on-site natural gas plant, 0.37 GW gas, Announced. Meta-proposed dedicated ~366 MW gas plant
Financial structure
- Total venture development cost
- $14B. Approximately $14B for buildings and infrastructure press release
- BlackRock cash contribution at close
- $4.9B. 80% JV interest; funded partly by $12.5B debt financing press release
- Meta construction and development investment
- $10B. Over $10B press release
Sources
- Meta Announces New Strategic Venture with BlackRock to Develop Data Center in El Paso
- Meta, BlackRock partner on $14 billion El Paso data center venture
- Meta to spend $10 billion on AI data center in El Paso, 1GW by 2028
- Meta hands BlackRock majority stake in 1 GW El Paso data center
cca163a4-35f9-4342-b4fa-2e44ddfbd03a · Tracked with DEPLOY's verified-vs-claimed methodology. Announced numbers are claims, not built capacity.