Microsoft reversed course on plans to invest $1 billion in data centers in Licking County.
The company announced on Monday that it would not move forward with the plans. The company had planned to construct three data center campuses in New Albany, Heath and Hebron.
Still, it said it would honor commitments to fund roadway and utility upgrades and collaborate with local organizations on digital skills development and restoration efforts.
We sincerely appreciate the leadership and partnership of Ohio government officials and the support of Licking County residents," a Microsoft spokesperson said. "We are taking the appropriate steps to ensure the land at two of our sites can be used for farming and are following through with our development agreements to fund roadway and utility upgrades. We will continue to invest in and collaborate with local organizations to support digital skills development, restoration efforts, and to strengthen the communities in Licking County for future generations.”
The news follows reports of Microsoft "pulling back" on data center projects around the world as it slows new infrastructure spending. Analysts at TD Cowen said the move could suggest data center oversupply and that the pullback may suggest a shift in forecasting for demand.
Source: https://abc6onyourside.com/news/local/microsoft-backs-off-1b-licking-county-data-center-plans
The company announced on Monday that it would not move forward with the plans. The company had planned to construct three data center campuses in New Albany, Heath and Hebron.
Still, it said it would honor commitments to fund roadway and utility upgrades and collaborate with local organizations on digital skills development and restoration efforts.
We sincerely appreciate the leadership and partnership of Ohio government officials and the support of Licking County residents," a Microsoft spokesperson said. "We are taking the appropriate steps to ensure the land at two of our sites can be used for farming and are following through with our development agreements to fund roadway and utility upgrades. We will continue to invest in and collaborate with local organizations to support digital skills development, restoration efforts, and to strengthen the communities in Licking County for future generations.”
The news follows reports of Microsoft "pulling back" on data center projects around the world as it slows new infrastructure spending. Analysts at TD Cowen said the move could suggest data center oversupply and that the pullback may suggest a shift in forecasting for demand.
Source: https://abc6onyourside.com/news/local/microsoft-backs-off-1b-licking-county-data-center-plans
