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Alcoa signs up to $315M deal to sell part of Massena East site for data center

Alcoa has reached a final agreement to sell part of its Massena East site for up to $315 million in potential cash consideration, with $50 million to $65 million expected at closing within about six months and the remainder collected by the end of the decade. The land is intended for a data center with an initial minimum of 180 megawatts, expandable to 635 MW. It is the first transaction toward Alcoa’s $500 million-$1 billion asset monetization target by 2030.

Original source

AI take

This is a legacy industrial site being repriced as power-adjacent land, which is the real signal: the buyer is paying for interconnection capacity and expandable megawatts as much as for dirt. The structure matters too — a modest cash slice at closing with the bulk deferred to decade-end ties Alcoa's proceeds to the buyer actually building, so the headline figure is far from banked. It also anchors Alcoa's broader monetization program, making this a template for how other industrial holders may test data-center demand for their sites. Whether the full consideration is collected on schedule is the open question.

Generated by AI for reference only.

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