Baker & Hostetler LLP
10/01/2024 | Press release | Distributed by Public on 10/01/2024 12:49
BakerHostetler Team Represents CleanArc Data Centers in Partnership with Snowhawk LP
10/01/2024|1 minute read
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Snowhawk LP, a private equity firm that invests in businesses that power the economy's digital transition, today announced a strategic investment in CleanArc Data Centers, a developer and operator of renewables-focused hyperscale data center campuses. Snowhawk's investment will accelerate CleanArc's growth as the company expands its team, develops its first data center campus in Virginia and solidifies partnerships with hyperscale customers. Partners Todd Thorson and Ryan D. Gorsche led a team that included Partners Stefan Smith and Michelle M. Hervey and Associate Patrick Luthen in representing CleanArc.
Supported by Snowhawk's investment, CleanArc recently acquired land along Interstate 95 strategically located between Ashburn, Virginia, and Richmond, Virginia, with plans to deliver 600MW of data center capacity on land already zoned for data center use within a 650-acre campus. In addition, CleanArc and Rappahannock Electric Cooperative have executed an agreement to begin construction on the property's first substation, and CleanArc plans to have 300MW of data center capacity ready for service in 2027.
Led by a team of data center veterans and power structuring experts, CleanArc has created a unique approach to hyperscale data center development that delivers 300+ MW, 200-700+-acre campuses while offering very intentional power sourcing. Deeply committed to public and private partner engagement, CleanArc is collaborating with energy partners that will provide wind, solar and other renewable sources to offset utility power consumption on its campuses. Coupled with CleanArc's specialized expertise in power structuring, this approach enables the team to provide customers with hourly, load-following carbon-free energy.
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