Capability Highlights

75+

Digital Infrastructure and power transactions advised globally since January 2024

$125B

In transaction value over the last two years alone

30+

Jurisdictions covered, including: the Americas, Europe, East Asia, Africa, and the Middle East

Where We Excel


The rapid expansion of AI is driving extraordinary demand for digital infrastructure capacity and massive requirements for reliable power to support it. Vinson & Elkins is a leading law firm advising at the center of this new era — guiding developers, investors, hyperscalers, lenders, and other market participants across the full lifecycle of data center projects and transactions.

Why Clients Choose Vinson & Elkins for
Data Center and Power Infrastructure

Our lawyers bring deep, cross-disciplinary experience to the transactions driving the AI data center business: joint ventures, acquisitions and dispositions, equity investments, debt financings, engineering, procurement, and construction (EPC) contracts, master lease and service agreements, build-to-suit arrangements, site management agreements, service-level agreements, and more.

No other firm is better positioned to advise on these complex, highly technical buildouts — from project development and finance, to conventional and renewable energy, to M&A, tax, regulatory compliance, environmental permitting, and real estate.

Business leaders worldwide trust Vinson & Elkins to guide them through their most complex data center projects and transactions. Contact us to learn how we can help with yours.

Experience

  • Aligned Data Centers in a $2.58 billion credit facility to support the continued expansion of its U.S. data center portfolio

  • Goldman Sachs in its acquisition of QScale, a leading Canadian owner and operator of next-generation, AI-ready data centers

  • Lender in the $1.5 billion financing of a power generation facility which will supply power to large-scale data center facilities

  • Global Infrastructure Partners as a joint venture partner in the consortium of investors (including AI Infrastructure Partnership and MGX) that have agreed to acquire Aligned Data Centers from Macquarie for approximately $40 billion

  • Aligned Data Centers and its sponsor Macquarie Asset Management in its acquisition of ODATA, a data center service provider offering scalable, reliable, and flexible IT infrastructure in Latin America, including the $2.25+ billion project financing for the purposes of financing the acquisition (IJGlobal Investor Digital Infrastructure Deal of the Year, Latin America, 2025)

  • Talen Energy Corporation (NASDAQ: TLN) on its 1,920 MW power purchase agreement and associated arrangements with Amazon Web Services to provide carbon-free energy from Talen’s Susquehanna nuclear power plant to support AMZN’s announced $20 plus billion dollar data center build out in Pennsylvania

  • Major power and data center developer in its equipment financing from Keystone National Group, with an initial commitment of $120,000,000, to procure long lead high voltage assets to support the buildout of its first 2.3GW of power infrastructure

  • Major power and data center developer in a $500 million asset-based secured term loan in connections with its acquisition of three F-class gas turbines from Siemens Energy and its continued development of its 11-gigawatt energy campus

  • Underwriters to a major power and data center developer in its $784 million initial public offering of common stock

  • Global Infrastructure Partners, a part of BlackRock, in its joint venture with ACS Group, a Spanish construction company, to develop and operate a global data center platform

  • Proprietary equipment supplier in a joint venture with a private equity sponsor for the lease financing of up to $10-billion of cutting-edge data center power and cooling equipment, under lease arrangements with multiple hyperscale data center customers (ongoing)

  • Goldman Sachs in the sale of its interests in Elea Digital Infraestrutura, a Brazilian interconnected platform of edge data centers, to affiliates of I Squared Capital

  • Fidelis in the sale of its portfolio company AIPCorp and its Monarch Compute Campus in West Virginia to Nscale; Monarch is the United States’ first state-certified AI microgrid with a power runway scalable to over 8GW (pending)

  • Generate Capital in the $112 million financing of large-scale data center facilities in Texas

  • Accelerate Infrastructure in the acquisition and subsequent leaseback of undeveloped property from a leading provider of enterprise-class data center, cloud, and interconnection services

  • Scala Data Centers in connection with a project financing of up to $254 million for the development and construction of a portfolio of 3 data centers in Chile: a 5MW data center in Curauma, a 12MW data center in Lampa and a 9MW data center in Huechuraba, which service hyperscale clients (2024 IJGlobal Digital Infrastructure Deal of the Year)

  • Aligned Data Centers (ATL) PropCo, LLC and Aligned Data Centers (ORD) DevCo, LLC, data center companies, in a $8.55 billion syndicated asset-based term loan and revolving credit facility

  • New Era Energy & Digital, Inc., a developer and operator of digital infrastructure and integrated power assets in the Permian Basin, (i) in its $115 million public offering of common stock and (ii) in a $290 million senior secured multi draw term loan

  • An EnCap Transition Fund portfolio company in a senior secured revolving credit facility in connection with its financing of data center development and renewable energy generation and storage capabilities

  • Data Foundry, Inc., a carrier-neutral colocation and data center provider, in its $420 million sale to Switch, Inc.

  • Vantage Data Center on the sale of its subsidiary Etix Everywhere Borealis, the owner and operator of two sustainable blockchain mining, crypto-mining and high performance computing data center facilities in Blönduós and Fitjar, Iceland, powered by renewable energy, to Vauban Infrastructure Partners

  • Stream U.S. Data Centers in the acquisition of approximately 135 acres in San Antonio, Texas for the construction and development of a data center facility

  • Stream Data Centers in the acquisition and assemblage of 9 parcels totaling more than 308 acres for the development of a multi-phase data center campus consisting of more than 1.3 million square feet across nine buildings with development expected to commence in 2026

  • Placement agent in connection with a major power and data center developer’s $101 million convertible preferred units

  • IFM Investors in the formation of joint venture with DigitalBridge to acquire Switch, a global technology infrastructure company focused on ultra-advanced data centers, in an $11 billion take-private transaction Pacifico Energy as project counsel for the project development and financing of the GW Ranch project, a behind-the-meter power generation facility for data centers in Texas permitted for up to 7.65 GW of power generation

  • Integra Mission Critical in the engineering, procurement and construction of a proposed 1GW data center, including co-located power and cooling infrastructure, in North Texas (ongoing)

  • Swiss Life Asset Management and EDF Invest in the $1.2 billion acquisition of a 27% interest in DataBank, the largest edge infrastructure operator in the U.S.

  • Sailfish Investors in the 80-acre land acquisition in Hood County, Texas and related power generation facility matters in connection with a data center development

  • Forge Growth Infrastructure in lease arrangements with hyperscale customers for the deployment of mobile gas turbine generation units as a bridging power solution

  • DigitalBridge on its joint venture with Brookfield Infrastructure for the purpose of acquiring a 51% ownership stake in GD Towers, Germany’s largest tower company, valuing the company at €17.5 billion

  • DigitalBridge in connection with its acquisition of a controlling stake in Vertical Bridge, the largest private owner and operator of wireless communications infrastructure in the U.S.

  • DigitalBridge in its lead investment of £295 million in Netomnia, a provider of full fibre broadband infrastructure, and internet service provider YouFibre

  • USMatrix, a provider of facilities-based networks and datacenters, in the sale of certain subsidiaries owning Tier 3 mission-critical data centers in Brazil to SBA Communications

  • DigitalBridge on the acquisition of Pacifico Cable SpA (d/b/a Mundo Pacifico), a fiber-to-the-home business in Chile, from funds and investment vehicles managed by Linzor Capital Partners and Teras Capital Spain

  • Andean Telecom Partners on the acquisition of “BTS Towers”, an independent telecommunication tower infrastructure business headquartered in Switzerland with sites in Colombia, Ecuador, Paraguay and Peru

  • The Blackstone Group in its leveraged buyout for the acquisition of Sabre Industries, Inc., an electrical equipment company from the Jordan Company

  • ARCOS, a Vista Equity Partners portfolio company and leader in cloud-based technology for utilities, in its acquisition of Treverity, a software solutions provider for U.S. electricity and natural gas distribution utilities

  • BlackRock portfolio company, Centric Fiber Holdco, LLC, a residential and commercial fiber optic provider in Texas, in a syndicated $230 million loan consisting of a $20 million revolving credit facility and a $210 multi-draw term loan

  • An African tower company on a ground-breaking joint venture with two mobile network operators in Tanzania and the subsequent flip-up by one such mobile network operator into shares of the holding company 

  • Tampnet AS its acquisition of Broadpoint, a provider of offshore communications in the Gulf of Mexico and in a long-term strategic roaming agreement with a leading telecom carrier

  • Highline on the acquisition of 8,000 mobile outdoor telecommunication towers in Brazil from Oi S.A. for R$1.6bn (approx. US$ 310m)

  • Helios Towers Africa in the acquisition of Vodacom Tanzania Public Limited Company’s shares in Helios Towers Tanzania and Vodacom’s entire participation in an unsecured shareholder loan facility

  • Apollo Global Management in its equity investment in Infrastructure Networks, a provider of private broadband wireless LTE solutions

  • EQT Infrastructure in the sale of Tampnet, owner and operator of the world’s largest offshore fiber-backed communication infrastructure network, to 3i Infrastructure and ATP

  • Helios Towers in its $60 million acquisition of a controlling interest in SA Towers, a South African tower company

  • Accelerate Investment Partners, LLC in a corporate restructuring of Accelerate Infrastructure Opportunities, LLC, an affiliate of Accelerate, in connection with a $630 million upsize of capital commitments by management, CBRE AIO Infra Holdings Inc. and CBRE Musselshell Infrastructure Investments, LP

Powering Progress


The accelerating adoption of AI is driving extraordinary demand for data center capacity and power, creating both opportunity and complexity for developers and investors alike.

To better understand how the market is responding, we surveyed 200 senior infrastructure developers and private capital investors to capture perspectives on power availability, infrastructure constraints, financing dynamics, and the pace of AI-driven growth.

Discover our latest:

Insights

Events

Peter Bergan to Moderate Panel at TMT Finance USA 2026

Partner Peter Bergan will moderate a panel at TMT Finance USA 2026 on October 6 titled “How is Datacenter Powered …

October 6, 2026

October 6, 2026 • 1-minute read

CLE Events

Financing and Bankability of Data Center Projects

This program will examine the key legal and commercial considerations for financing data center projects, with a focus on what makes these projects bankable for lenders and investors.

September 29, 2026

September 29, 2026 • 1-minute read

Events

Paige Anderson and Vinay Prabhakar to Present on REIT Tax and Data Centers in Upcoming myLawCLE Webinar

Partners Paige Anderson and Vinay Prabhakar will present on myLawCLE’s live CLE program, “REIT Tax in the Data Center Era: …

September 18, 2026

September 18, 2026 • 1-minute read

Podcasts

Powering Progress Episode 12 – Rethinking the Grid for AI

This series has explored the extraordinary amount of power required to support the growth of AI and data centers, but …

September 15, 2026

September 15, 2026 • 10-minute read

CLE Events

Structuring a Data Center

This program will explore data center power supply structures and considerations.

September 1, 2026

September 1, 2026 • 2-minute read

Articles

Data Center Leasing: 5 Strategies for Navigating Today’s Market

Demand for data center capacity has outpaced supply in nearly every major market, thanks to cloud growth and the AI …

August 26, 2026

August 26, 2026 • 2-minute read

Podcasts

Powering Progress Episode 11 – The Incentive Challenge: Navigating the New Tax Landscape for Data Centers

As AI infrastructure investment accelerates, developers, investors, and operators are making long-term decisions based on assumptions about power, financing, and …

August 17, 2026

August 17, 2026 • 7-minute read

News & Achievements