Social media giant Meta is looking to expand its data center campus in Los Lunas, New Mexico.
As reported by the Valencia County News-Bulletin, last month the Village of Los Lunas approved a resolution approving the village’s intent to issue a series of taxable industrial revenue bonds (IRBs) for Meta to assist with its build-out.
Meta, through its Greater Kudu LLC affiliate, intends to expand its existing data center campus at 4250 Messenger Loop NW, located outside Albuquerque.
The ‘next generation’ facilities are set to be able to support current products and enable future generations of AI hardware and related and similar facilities, according to the resolution.
The News-Bulletin says the new expansion will total two buildings and an investment of around $800 million. Construction is expected to take around three years, but further details weren’t shared.
Facebook broke ground on the campus in 2016, beginning with a single $250m facility built by Fortis. The company opened a third data center at Los Lunas in 2020 and announced another two-building expansion in 2021 that are set to go live this year. The site reportedly currently totals seven buildings, according to the News-Bulletin.
Meta paused development of around a dozen data centers in late 2022 as part of a "rescoping" of its designs to better cater for GPUs and liquid cooling. It has since resumed its build-out with the updated design.
The purpose of an IRB is to provide certain incentives for the company to expand and operate in the area. The village intends to issue up to six series of IRBs in an aggregate principal amount not to exceed $7.5 billion each. This is the third series of IRBs to Greater Kudu LLC; the first two totaled up to $70bn.
The company has invested in more than 885MW of renewable energy capacity in New Mexico to offset the energy use of its data centers.
2024 saw Meta announce facilities in Aiken, South Carolina, Cheyenne, Wyoming; Rosemount, Minnesota; Montgomery, Alabama; and Richland Parish, Louisiana. The company launched a campus in Gallatin, Tennessee. It was linked to, but not officially announced, projects in Davenport, Iowa, and Indianapolis, Indiana.
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