Funding & Investment in Travel
Data centers love solar: Here’s a comprehensive guide to deals over 100 megawatts
The rush to capitalize on the buzz around AI has led tech companies to dramatically expand their data center footprints. That’s been good news for companies like Nvidia, but it has also led to unprecedented growth in the power industry.
New and expanded data centers are expected to double the sector’s power demand by 2029, according to JLL. As a result, developers and tech companies have been working overtime to lock in capacity. Nuclear and natural gas have gotten boosts from the forecasted demand, but few technologies have benefited in the near term like solar.
Though solar power suffers from what experts call intermittency — it won’t produce if the sun isn’t shining — the upsides have been so significant that companies have been inking large deals at a rapid pace.
Unlike advanced nuclear reactors, which have yet to be deployed at commercial scale, solar power is proven technology. And unlike new natural gas power plants, which take years to plan and construct, the average completion time for a new solar farm is about 18 months. Plus, it’s one of the lowest-cost sources of new generating capacity.
Since the start of 2025, tech companies and data center operators have backed 12 solar deals, each adding more than 100 megawatts of capacity to the grid.
January
Meta kicked off the year with a 200-megawatt solar deal with multinational electric utility Engie. The purchase went toward a solar farm near one of the company’s existing data centers in Texas. At the time of the deal, Meta already had over 12 gigawatts of generating capacity in its renewable portfolio.
Later in January, the Stargate AI partnership between OpenAI, Oracle, and SoftBank Group was reported by Bloomberg to be powered, at least in part, by solar. SB Energy, which is part of SoftBank’s portfolio, is expected to develop solar installations backed by grid-scale batteries.
Meta closed out the month with another massive solar deal, this one with Spanish renewable developer Zelestra. The contract was for 595 megawatts of capacity.
February
Meta continued its streak in February, investing in a 505-megawatt solar project with Cypress Creek Renewables, which is developing the massive installation in Coleman County, Texas — about 150 miles northwest of Austin.
Microsoft entered the fray in February, too. The company has long been a buyer of renewable energy to power its operations, and added another 389 megawatts of solar in a deal with EDP Renewables North America. The contract covers three different solar farms, two in Illinois and one in Texas. The purchases have helped Microsoft stay on top of its pledge to power its operations using zero carbon power.
Amazon also made a big purchase, backing a hybrid project on the Iberian Peninsula that includes wind, solar, and pumped-hydroelectric storage. The deal included 476 megawatts total, of which 212 megawatts are solar.
Outside of the U.S., data center operators have also been investing in solar. In India, CtrlS built its own 125-megawatt facility in two phases, the first half of which was finished in June 2024 with the second completed in early February. In South America, Telecom Argentina agreed to buy electricity from a 130-megawatt solar farm developed by MSU Green Energy.
March
Microsoft added another three solar developments in March, again focusing on the Midwest. The projects span Illinois, Michigan, and Missouri, and they’re being developed by AES. Together, they will provide Microsoft with 475 megawatts of capacity, adding to its considerable 34-gigawatt portfolio.
Cisco got in the game with a 100-megawatt deal with X-Elio, a solar developer owned by Brookfield, an asset manager that has bet big on renewables. The power purchase agreements see Cisco buying capacity from two different Texas solar projects.
Meta added another 200 megawatts of solar to its portfolio in March in a deal with RWE. The solar farm will be built just southeast of Austin.
In Italy, data center operator Data4 signed a 10-year deal with utility Edison Energia to buy power from a 148-megawatt solar farm northwest of Rome.
More deals likely
As tech companies race to add AI to seemingly every product and possible market, data centers have been expanding to keep pace. That growth requires power, and few technologies are as well positioned as solar power.
Utility-scale solar is already one of the cheapest forms of new generating capacity without counting subsidies, undercutting everything except onshore wind. It’s also quick to deploy and can be commissioned in phases, allowing data centers to draw power before the entire project is finished.
Those qualities have combined to give solar a near-term advantage, racking up deals with Big Tech companies and data center developers. It’s a trend that’s likely to continue.
Funding & Investment in Travel
China’s Duku Highway sees tourism boom in summer
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
An aerial drone photo taken on July 17, 2025 shows the scenery along the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
An aerial drone photo shows a vehicle in a canyon near the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 17, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
An aerial drone photo taken on July 15, 2025 shows the scenery along the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
An aerial drone photo shows tourists visiting a canyon near the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 17, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
An aerial drone photo taken on July 16, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
Tourists riding camels visit a canyon near the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 17, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Meng Tao)
This photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Li Xiao)
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Meng Tao)
An aerial drone photo taken on July 16, 2025 shows a grassland by the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
A man poses for a photo at a service area of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 15, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Li Xiao)
An aerial drone photo shows vehicles on the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 15, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Zhang Keren)
An aerial drone photo taken on July 15, 2025 shows a section of the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
An aerial drone photo taken on July 16, 2025 shows a grassland by the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
This aerial drone photo shows tourists visiting a canyon near the Duku Highway in northwest China’s Xinjiang Uygur Autonomous Region, July 17, 2025. Northwest China’s Duku Highway, considered one of the most scenic roads in the country, sees a tourism boom in the summer.
The 561-kilometer highway connects Dushanzi in the north of Xinjiang with Kuqa City in the south, running through varied landscapes that include canyons, glaciers, lakes and grasslands. (Xinhua/Hu Huhu)
(Web editor: Zhang Kaiwei, Liang Jun)
Funding & Investment in Travel
Curacao Sees Surge in Tourism and Business Growth in 2025
WILLEMSTAD, CURACAO — Curacao is becoming an important spot for travelers and investors as it experiences a notable boost in tourism and business initiatives. Recent data shows that the island welcomed 57,412 stayover visitors in June 2025, a 15 percent rise from the previous year, according to the Curaçao Tourist Board.
This increase highlights Curacao’s growing appeal as a top travel destination, well-known for its vibrant culture and diverse activities. Many tourists are taking advantage of attractive flight deals, with tickets starting around $442. Airlines like Copa Airlines provide reliable options, connecting Miami to the island and supporting travelers from across Latin America.
The hospitality scene in Curacao is thriving as well, offering luxury accommodations for those looking for a high-end experience. The Renaissance Curacao Resort and Casino in Willemstad showcases elegant facilities, various dining options, and amenities such as a private beach and an infinity pool.
Beyond tourism, Curacao is demonstrating its commitment to community welfare with initiatives like the Essential Assistance Program. This effort provides free household goods and grocery support for families in need, aiming for inclusive economic growth.
The island is also known for its culinary innovations, including Combier Curaçao Le Bleu, the world’s first Premium Blue Curacao. This product highlights Curacao’s dedication to quality and appeals to both residents and visitors.
Visitors can explore Curacao with numerous excursions, including tours at the Curaçao Liqueur Distillery and Klein Curacao day trips that feature premium BBQ lunch options. These activities enhance the unique cultural experience available to tourists.
As families plan vacations, Curacao is competing well with other Caribbean hot spots like St. Thomas and Aruba. With its cultural richness and leisure opportunities, it remains an attractive choice for diverse family experiences.
Analysts foresee continued visitor growth, supported by strategic initiatives and the island’s charm. As Curacao progresses, it strives to provide exceptional experiences for both tourists and locals, solidifying its role as a leading Caribbean destination.
Funding & Investment in Travel
DRC’s maiden “World Music and Tourism Festival” officially opened by President Tshisekedi
Fally Ipupa headlines electrifying first night as Congo takes centre stage in global celebration of music and culture.
The rhythm of Congolese Rumba echoed through the capital on Wednesday as President Félix Antoine Tshisekedi Tshilombo officially opened the first-ever World Music and Tourism Festival in Kinshasa, setting the tone for a landmark event that merges culture, tourism, and diplomacy under the theme “The Rumba Route for Peace.”
The opening ceremony, held at the Central African Cultural and Arts Centre (CCAPAC), brought together cultural leaders, artists, international partners, and dignitaries from across the globe. President Tshisekedi thanked the Secretary-General, Zurab Pololikashvili and his team at of UN Tourism for partnering with the Congolese government to bring the maiden edition of the festival to life, noting that the DRC would leverage this platform to promote peace, unity, and tourism development.
In his first official visit to the DRC, Pololikashvili addressed a packed hall of dignitaries, artists, cultural leaders and Congolese citizens. In a deeply personal and forward-looking speech, he noted that “it is a great honour to join you in Kinshasa, a city full of rhythm and energy.”
“Today, the DRC is making history. You are not only hosting a festival. You are sharing Congolese Rumba with the world. This music, recognised by UNESCO, tells the story of your people. It is a living link between Africa and the Americas.”
He also stressed the global significance of the festival. “Both music and tourism are instruments of peace. They break down barriers, foster understanding, and remind us of our common humanity. This festival shows what African tourism can be – inclusive, authentic, and proudly rooted in culture.”
The official opening was elevated by stirring choral performances and traditional Congolese music and dance, which brought vibrancy and local flavour to the ceremony in a rich cultural setting. The audience – made up of government officials, cultural leaders, international partners, and artists – was visibly moved by the authentic expressions of Congolese identity and artistry.
After the ceremony, President Tshisekedi led high-level dignitaries to tour the Cultural Village, an immersive exhibition space showcasing Congolese fashion, crafts, gastronomy and visual arts.
As the sun set, the celebration continued with a massive open-air concert headlined by Fally Ipupa at the People’s Palace, on the forecourt of the National Assembly.
Drawing thousands of people, the show blended Rumba’s timeless melodies with urban rhythm and pop flair, bringing Kinshasa to life and marking a thrilling conclusion to Day 1. Fally’s performance – powerful, polished and deeply rooted in tradition – embodied the spirit of the festival: Congolese excellence with global resonance.
On Day 2 – Thursday, July 17
Day 2 of the World Music and Tourism Festival will focused on dialogue, innovation, and industry development at the Central African Cultural and Arts Centre (CCAPAC). Key highlights included “Transatlantic Rhythms for Peace,” a high-level roundtable exploring music as a tool for diplomacy between Africa, the Americas and beyond, as well as the “Fair Play” session, which tackled issues around copyright, artist rights, and equitable participation in the music tourism economy.
A dedicated masterclass also provided artists and stakeholders with practical insights into intellectual property and sustainable business models.
Additional sessions explored music’s role in destination branding through the panel “Music at the Heart of Tourism,” and how digital platforms and youth-led innovation were reshaping the creative landscape in “From Vinyl to Viral.”
A fireside chat with renowned Congolese musician Jean Goubald Kalala, moderated by Kojo Bentum-Williams, will offer a personal perspective on the evolution of Congolese Rumba.
The World Music and Tourism Festival continues through Friday 18 July, with Kinshasa proudly at its centre – where the beat of Rumba becomes the heartbeat of peace.
-
The Travel Revolution of Our Era3 weeks ago
‘AI is undeniably reshaping the core structure of the hospitality ecosystem’: Venu G Somineni
-
Brand Stories7 days ago
The Smart Way to Stay: How CheQin.AI Is Flipping Hotel Booking in Your Favor
-
Mergers & Acquisitions6 days ago
How Elon Musk’s rogue Grok chatbot became a cautionary AI tale
-
Mergers & Acquisitions1 week ago
Amazon weighs further investment in Anthropic to deepen AI alliance
-
Brand Stories2 weeks ago
Voice AI Startup ElevenLabs Plans to Add Hubs Around the World
-
Asia Travel Pulse2 weeks ago
Looking For Adventure In Asia? Here Are 7 Epic Destinations You Need To Experience At Least Once – Zee News
-
Mergers & Acquisitions1 week ago
UK crime agency arrests 4 people over cyber attacks on retailers
-
AI in Travel2 weeks ago
‘Will AI take my job?’ A trip to a Beijing fortune-telling bar to see what lies ahead | China
-
Mergers & Acquisitions2 weeks ago
ChatGPT — the last of the great romantics
-
Mergers & Acquisitions1 week ago
EU pushes ahead with AI code of practice