I assume that they sign up to long term contracts to secure the price of power.
When it comes to renewal, the DC operator obviously has a sunk cost that they don't want to walk away from. But the electricity generators are also in the same boat. If the DC shuts up shop then there's x00 MW that the generator won't be able to sell and could suppress prices across the whole country. So both parties are incentivised to come to an agreement.
Both 2023 (probably) and 2024 were over 1.5°C according to Berkeley Earth, 1.54±0.06°C and 1.62±0.06°C respectively. 2025 was (probably) a shade under at 1.44±0.09°C. Unfortunately it looks like that goal won't be attainable, but all the more reason to make the changes we can.
They also never managed the massive economies of scale for regular solar panels that have driven down prices. Solar panels that can be mounted on any kind of roof, in fields, etc.
I thought that honour belonged to the NZ super fund with an annualised return of 10% before tax since it's creation in 2003. I couldn't find a comparable figure for the CPPIB, but it looks to be lower.
I am not an expert, but my understanding is most funds don't change allocations immediately, but it would be part of normal rebalancing, e.g. VOO and other indexes that track the S&P500 do it quarterly
Note also that the population has grown around 30% since 2001, so the rate is probably lower than in the 2000s.
NZ is a small country, cities are small, it can be expensive, and the job market is relatively limited. For some it's made up for by the abundance of nature, the laid back attitudes, etc. but that's never going to be everyone's cup of tea.
For card payments sure, but if you buy with play store gift cards bought from a third party retailer, I don't think Google is making much if anything out of that.
Or alternatively, a hundred 10 mile by 10 mile installations. Or on average 2 such installations per state. Hardly seems anywhere near comparable to a Dyson sphere
When it comes to renewal, the DC operator obviously has a sunk cost that they don't want to walk away from. But the electricity generators are also in the same boat. If the DC shuts up shop then there's x00 MW that the generator won't be able to sell and could suppress prices across the whole country. So both parties are incentivised to come to an agreement.