31.7 GW Under Construction. Five-Year Power Timelines Decide Who Builds It.

Self-supply mandates, water disclosure bills, and local moratoria all landed in the same week, and the developers clearing them share one trait: they arrived with anchor tenants, secured generation, and visible workforce commitments before the first hearing. The 31.7 GW under construction today belongs to whoever can prove a five-year power path; everyone else is bidding on stranded sites.