News
07 March 2025

Novva’s Salt Lake City data centre secures $2bn

In:
Telecoms and Communications
Region:
Americas

CIM Group and Novva Data Centers have closed on a new commitment of $2 billion in financing from J.P. Morgan and Starwood Property Trust for a data centre project in Utah.Funding will be used to complete the build-out of the second and third phases of construction on Novva’s flagship 175MW...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Video
23 February 2026

Blue Energy: A novel take on SMR bankability

Proximo talks nuclear plant prefabrication, and lessons learnt from LNG and offshore wind, on the road to unlocking project finance for SMRs.

Perspective
27 February 2026

Al Dhafra: GCC solar bonds worth the wait

It is not the first solar project bond refinancing in the region, but it is the best-priced. Despite its development challenges, Al Dhafra shows what a strong revenue model...