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Meta Announces New Strategic Venture With BlackRock to Develop Data Center in El Paso
Meta and BlackRock have formed a venture to develop and own a data center campus in El Paso, Texas.
Why it matters
The project creates thousands of jobs in El Paso and provides free skilled trades training for the local community.
The details
- The campus will provide 1 gigawatt of compute capacity by 2028.
- Total development costs for buildings and infrastructure are approximately $14 billion.
- Meta provided a $500,000 grant to El Paso public schools for STEM education.
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Key connections
Meta owns Meta Compute
Meta developed and scales Meta Compute as its infrastructure strategy.
Meta is a partner of BlackRock
Partnered on a joint venture to develop and own a data center campus in El Paso, Texas.
Global Infrastructure Partners is a member of BlackRock
Operates as a part of BlackRock.
HPS Investment Partners is a member of BlackRock
Operates as a part of BlackRock.
Larry Fink is CEO of BlackRock
Larry Fink is the Chairman and CEO of BlackRock.
Morgan Stanley & Co. LLC is a partner of Meta
Served as financial advisor to Meta in connection with the transaction.
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J.P. Morgan Securities LLC is a partner of Meta
Served as financial advisor to Meta in connection with the transaction.
Latham & Watkins LLP is a partner of Meta
Served as legal counsel to Meta on the transaction.
Eversheds Sutherland (US) LLP is a partner of Meta
Advised Meta on leasing matters.
Arthur D. Little LLC is a partner of Meta
Acted as commercial due diligence advisor to Meta.
Provided project risk analysis and insurance services to Meta.
Provided technical and environmental independent engineer services to Meta.
Kirkland & Ellis LLP is a partner of BlackRock
Served as legal counsel to BlackRock funds on the transaction.
Charles River Associates is a partner of BlackRock
Acted as technical advisor to BlackRock.
Turner & Townsend is a partner of BlackRock
Acted as technical advisor to BlackRock.
Marsh is a partner of BlackRock
Acted as technical advisor to BlackRock.
Milbank LLP is a partner of J.P. Morgan Securities LLC
Served as legal counsel to J.P. Morgan Securities LLC.
Milbank LLP is a partner of Morgan Stanley & Co. LLC
Served as legal counsel to Morgan Stanley & Co. LLC.
BlackRock funds The BlackRock Foundation
The BlackRock Foundation is funded by BlackRock.
The BlackRock Foundation funds Future Builders
Future Builders is funded by The BlackRock Foundation.
Meta funds El Paso Public Schools
Provided a $500,000 grant to support workforce development.
Mark Zuckerberg is CEO of Meta
Mark Zuckerberg is the CEO and founder of Meta.
Meta is a partner of America's Workforce Academy
Guarantees job placement for academy graduates at Meta partner data center sites.
Related events
Meta and BlackRock Form Strategic Joint Venture for $14B El Paso Data Center
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