Soluna has closed its $53.0 million acquisition of the 150 MW Briscoe Wind Farm in West Texas, a deal the company expects to directly support its renewable-powered data center buildout at Project Dorothy. Soluna financed the transaction using cash on its balance sheet and debt.
Soluna expects the wind asset to be immediately accretive, projecting Year-One Adjusted EBITDA of $6 million to $11 million, depending on power market conditions. Soluna also projects an annualized revenue contribution of $20.0 million to $24.4 million from the wind farm.
The deal makes Soluna the owner of both the renewable generation and the data center infrastructure for Project Dorothy, shifting the site from buying energy to producing it. For data center engineers, the practical point is straightforward: owning the generation asset can change how a campus is planned and operated, because energy procurement risk and on-site power certainty drive everything from expansion timing to cost modeling.
With the acquisition complete, Soluna says it’s positioned to move forward with Project Dorothy 3, a planned AI compute campus expansion on 300 new acres adjacent to the existing site. The company describes Dorothy 3 as a renewable-powered AI campus with potential capacity of up to 300 MW+, intended to serve high-performance computing and generative AI workloads. Soluna links the planned 300 MW expansion to continued development of grid interconnection expansion and onsite generation.
Generate Capital continues to support Soluna in connection with the acquisition. Soluna also said its development pipeline exceeds 4.3 GW across multiple sites, and it pointed to the recently energized 83 MW Project Kati 1, plus Project Kati 2, described as a 300+ MW AI campus in a joint venture with Metrobloks.
“By owning the Briscoe Wind Farm, we have secured the cornerstone infrastructure needed to build an AI campus with up to 300 MW of capacity,” said John Belizaire, CEO of Soluna.
Soluna said it expects to file a Current Report on Form 8-K with the SEC describing the acquisition terms and related agreements.
Source: Soluna
