Blackstone To Buy $1B Power Plant in Virginia’s Data Center

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Situated near over 130 data centers, the facility’s proximity to critical digital infrastructure underscores its strategic importance for Blackstone.

Blackstone’s Continued Investment in Digital Infrastructure

The deal, first reported by Reuters, is part of Blackstone’s broader strategy to support data center and energy infrastructure investments, particularly those aligned with artificial intelligence technologies. Last November, Blackstone acquired a $1 billion portfolio of loans financing digital infrastructure, renewable energy, energy efficiency, and transportation assets across the U.S. and Western Europe.

In May, the firm committed $7.5 billion in debt financing to CoreWeave, a prominent AI infrastructure provider.

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Addressing Power Challenges in Loudoun County

As demand for data centers surges, areas like northern Virginia, home to Loudoun County, face power constraints that challenge expansion. This acquisition positions Blackstone to address these limitations while leveraging the region’s growing need for sustainable energy solutions.