SourceMeta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso
The project creates thousands of jobs in El Paso and provides free skilled trades training for the local community.
- Funds managed by BlackRock will own an 80% interest in the venture while Meta retains 20%
- Total development costs are approximately $14 billion with $12.5 billion debt financing
- Meta will provide construction and property management services and act as initial sole occupant
- Data center capacity is expected to begin coming online in 2028