M&A & Capital Flows

Sightline Climate projects 30–50% of the 16 GW slated for 2026 delivery will not come online. With only 5 GW currently under construction and U.S. colocation preleasing at 81.5%, enterprises that treat announced capacity as a planning baseline are already behind.

Power scarcity has fundamentally repriced existing data center assets. With 11 GW of announced capacity stuck in the development pipeline and interconnection queues adding years to new builds, owned infrastructure with secured grid connections commands a structural premium that most enterprise balance sheets have not yet captured. This is what a disciplined sale-leaseback analysis looks like in 2026.

Interconnection risk has moved from footnote to deal-defining variable in data center M&A. With 11 GW stuck in announced-stage limbo and moratorium proposals active in at least 11 states, acquirers are underwriting power access with the same rigor once reserved for tenant credit. Enterprises holding powered sites have a strategic asset — and a narrowing window to act on it.

Power has always been an input to data center economics. In 2026, it is the underwriting variable. Capital continues to chase AI and cloud demand. But the market is now pricing a different scarcity than it did five years ago. The constraint is not “data center supply” in the abstract; it’s **deliverable megawatts on a

Power constraints and tighter capital markets are reshaping data center asset values. Here is what the Vertiv-Generate Capital deal signals for enterprise owners in 2026.

For most organizations, selling their data center is not a retreat from technology — it’s a move toward agility, capital efficiency, and future readiness.

Enterprise data center divestiture is accelerating. Why the mid-range segment is the most compelling opportunity most advisors aren’t covering.

Not all data center assets are created equal. A framework for evaluating brownfield acquisitions beyond the standard real estate metrics.