Paraguay Wants to Sell Its Spare Power to the AI Boom

Key Facts

—The pitch. Paraguay generates almost all its electricity from hydropower and uses only a fraction, leaving a surplus it wants to sell to AI data centers.

—The big bet. A US firm, X8 Cloud, has floated plans to invest as much as $50 billion over three decades in what it calls South America’s largest AI complex.

—The builder. Hive Digital is expanding a hydro-powered site at Yguazú to 400 megawatts, with full commissioning due in the third quarter of this year.

—The politics. President Santiago Peña signed a technology accord with Taiwan in May, pairing Taiwanese know-how with Paraguayan energy.