en.Wedoany.com Reported - Israel-listed company Stark Power has signed an agreement to acquire Sagebrush Infrastructure Partners, a US developer of data center and power land.

Under the agreement, Stark will obtain interests in five data center campuses under construction, with a total IT capacity of approximately 5.6GW. Each campus will be equipped with natural gas power generation facilities to provide dedicated behind-the-meter electricity for the data centers.

The flagship project in the portfolio is Sagebrush 1, which is adjacent to utility-scale power infrastructure and designed to support over 1.5GW of data center capacity. Details of other projects and Sagebrush have not yet been disclosed.

To support this acquisition and its expansion in the US, Stark Power raised approximately 430 million new shekels ($140 million) from Israeli institutional investors, subject to full exercise of the relevant securities. Stark Power CEO Michael Avidan stated that acquiring Sagebrush is a key step in the process, enabling the company to provide the power land solutions required by global hyperscale operators by integrating Sage's development pipeline and leadership team. The financial terms of the acquisition have not been disclosed.

Headquartered in Tel Aviv, Stark is led by Michael Avidan, former head of Enlight Renewable in the US, and primarily focuses on power land acquisitions in the US market.

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