Green data center developer Soluna has signed term sheets for power and land with an unnamed renewable energy developer for its Project Rosa development.
Project Rosa is a 187MW data center currently in development, colocated next to a planned 240MW wind farm in Texas, which will provide most of its operational power.
Soluna has secured 60 acres of land for this project’s development, which will occur over two phases.
When completed, Project Rosa will provide capacity for AI, machine learning, Bitcoin hosting, and other computing-intensive applications, as well as joint venture potential.
As Soluna progresses with Project Rosa, it will focus on completing definitive power purchase agreements, land agreements, and the ERCOT planning phase.
Soluna has six projects constructed or in development, totaling 479MW of IT load.
The company experienced significant growth throughout 2024. In September, it broke ground on a 50MW expansion at its Dorothy 2 cryptomine data center site in Texas, and secured funding for the expansion in May, with Spring Lane Capital providing $30 million for the expansion.
