Below is a great post on the financial games promoters are playing in the financing of hyperscale data centers. The author teases apart the various aspects of the deal structure and explains them coherently. IMO, this is a must-read for anyone interested in this space:
[https://shanakaanslemperera.substack.com/p/the-clocks-on-one-building](https://shanakaanslemperera.substack.com/p/the-clocks-on-one-building)
