Nuveen Infrastructure has joined Snowhawk Partners and Townsend Group as an investor in CleanArc Data Centers, a developer and operator of renewables-focused hyperscale data center campuses.
With more than $1.3 trillion in assets under management, Nuveen’s backing is expected to provide strong financial resources and strategic capabilities to support CleanArc’s expansion efforts. The investment will help fast-track the development of CleanArc's flagship data center campus in Virginia, designed to deliver 300 megawatts of capacity by first quarter 2027. The site will receive two 300-megawatt transformers in late 2026 — one of the largest 2N power deliveries to the Virginia global cluster for a data center campus. The new campus is scheduled to begin construction in second quarter 2025.
“The addition of Nuveen as an investment partner is a powerful endorsement of the leading-edge data center platform we're building,” said James Trout, founder and CEO of CleanAr
