Apollo: $15B Japan Campus Needs 400 MW - CRE AI Briefing, Oct 2, 2026

Apollo: $15B Japan Campus Needs 400 MW - CRE AI Briefing, Oct 2, 2026

Apollo is backing more than $15 billion for a Japan AI campus that taps up to 400 MW behind the meter at JERA's Chiba thermal plant, with operations targeted around 2028. Michigan's PSC locked Google into a 20-year DTE contract with an 80% minimum demand charge and Google funding up to 1,600 MW of renewables plus 480 MW of storage so other ratepayers do not carry the risk. Oracle's Project Jupiter force majeure notice on a $165 billion New Mexico campus preserves rent deferral for up to three years if its 2.45 GW microgrid misses 2028. Common thread for CRE operators: power delivery timing now clears the lease and the capital stack together.

Reach out to the AI Consulting Network: https://www.theaiconsultingnetwork.com/

Sources:
https://www.japantimes.co.jp/business/2026/10/02/companies/apollo-japan-ai/
https://www.nippon.com/en/news/yjj2026100101023/jera-to-build-large-ai-data-center-near-tokyo.html
https://www.michigan.gov/mpsc/commission/news-releases/2026/10/01/mpsc-approves-dte-electric-google-data-center-and-contracts-protects-customers-from-project-cost
https://capacityglobal.com/news/165bn-project-jupiter-what-oracles-force-majeure-notice-means-for-ai-data-centre-risk/
https://www.credaily.com/briefs/ai-office-leasing-pushes-tami-demand-past-its-2021-peak/

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