Darden I Solar
Alphabet agreed to acquire Intersect Power for US$4.75 billion in cash plus assumption of debt; Intersect Power's development portfolio includes the Darden I solar-plus-storage project (Darden Clean Energy Project) in Fresno County, California.
$4.75B
Deal Value
646.4MW
Capacity
Hybrid
Technology
CA
Location
Deal Details
- Deal Type
- Developer acquisition
- Seller / Sponsor
- Intersect Power shareholders
- Buyer / Financier
- Alphabet
- Deal Value
- $4.75B
- Stage
- construction
- ISO/RTO
- CAISO
Related Deals
Brookfield US hydroelectric portfolio — Holtwood (250 MW) + Safe Harbor (420 MW) initial, scaling to up to 3,000 MW across PJM/MISO via relicensing/upgrades
Brookfield Renewable → Google (Alphabet)
$3B+ (initial 670 MW); larger framework value undisclosed
Montpelier Solar Farm — 50 MW solar facility in Ohio, connected to PJM grid
TotalEnergies → Alphabet (Google)
50 MW
Intersect Power platform — solar, storage, data center infrastructure (10.8 GW portfolio at time of 2026 completion)
TPG Rise Climate (majority stake) → Alphabet (Google)
$4.75B (cash + assumed debt)
Bellefield Solar and Energy Storage Farm
Avantus → AES Corporation
1,000 MW
Bellefield Solar and Energy Storage Farm
AES Corporation → Amazon
500 MW
WGL Holdings — Washington Gas Light + non-regulated power/marketing/midstream
AltaGas Ltd.
C$8.4B (~$6.4B USD; $88.25/share cash)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.