Morgan Stanley and Others in Talks to Finance Data Center and Power Project in Texas
Banks including Morgan Stanley are reportedly in advanced discussions with data center developer Nexus for a $15 billion loan to fund the construction of a new campus and power plant in Hubbard, Texas. The project is expected to include both a large-scale data center facility and an associated power generation site. The development highlights growing demand for energy-intensive infrastructure driven by digital expansion and cloud computing needs. Financial institutions are showing strong interest due to the scale and strategic importance of such projects within the technology sector.
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Topics: Banks Data Centers Texas Development