Oracle on the hook to pay data centre investors even if site has no electricity

Oracle has agreed to pay its data centre investors even if the site has no electricity. The agreement was made in a deal with the investors, but details of the deal have not been disclosed. Oracle has secured a $1.3 billion loan to build a data centre in the UK. The loan is not contingent on the site receiving planning approval. The data centre is expected to be completed in 2024. The company has also secured a lease for 49 years to use the land.