Thread

1. runeks · 1790331875 · focus · HN ↗

   > The tech group has issued a force majeure notice related to the power supply to the project developer, a unit of Blue Owl Capital, after the site ran into permitting delays after rising local opposition.

   Since when can failing to get a permit be considered force majeure?

   Doesn't majeure specifically denote something large scale and out of anyone's control, such as a hurricane?

   1. dgellow · 1790332712 · focus · HN ↗

      Oracle is in a pretty bad situation, it’s a desperate move. Their debt is rated just above junk since July. They are completely over leveraged. There is a reason the share price has been trending down so much

      1. gehsty · 1790342029 · focus · HN ↗

         Failing to get a permit is not an act of god, having to pay even when the site does t have power is poor milestone / payment planning. Also it’s quite hard to request payment if the thing you are buying is not working (appreciate this quite complex here), but if the people who are delivering the data center are responsible for delivering the power, it feels like oracle would be within reason to not pay?

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