{
  "id": 9613078,
  "title": "Oracle triggers 'force majeure' on data center project over power delays, source says",
  "url": "https://urgent.news/2026/09/24/oracle-triggers-force-majeure-on-data-center-project-over-power",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-24T12:48:13.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/oracle-triggers-force-majeure-data-center-project-over-power-delays-source-says-6408541"
  },
  "original_language": "en",
  "account": "Oracle has notified Blue Owl, the developer of a sizable New Mexico data center project dubbed Project Jupiter, of a force majeure situation due to potential delays in receiving power, according to a source. Oracle's shares fell by 3.3 percent following the news. The source explained that power supply is Oracle's responsibility under the contract, and Oracle cannot terminate the lease. Blue Owl, with approximately $3 billion in equity in the project, is obligated to pay Oracle's debt costs. Force majeure is typically used to absolve parties from contractual obligations when unforeseen circumstances beyond their control emerge, which can raise concerns among lenders and investors. Blue Owl maintains that the notice does not alter its financial obligations to the project, which is scheduled to launch in 2028. Oracle is seeking to postpone payments until the data center is operational, as reported by Bloomberg News. Blue Owl affirmed that the notice does not impact its financial commitments. Despite the setbacks, including delays in a natural gas pipeline and legal disputes over environmental permits, Project Jupiter is projected to receive a levered yield of around 11 percent once completed. The 1,400-acre campus, funded by a $18 billion loan, is part of Oracle's broader agreement with OpenAI for AI computing capacity.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}