Intersect Power — 8.5+ GW pipeline (utility solar + storage + green hydrogen)
Intersect Power $750M growth equity led by TPG Rise Climate; co-investors CAI Investments, Trilantic Energy Partners. 2.2 GWp solar + 1.4 GWh co-located storage operational by 2023; nearly 1 GW green hydrogen pipeline. Sets up later $4.75B Alphabet/Google acquisition (Dec 2025).
$750M
Deal Value
8,500MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Intersect Power
- Buyer / Financier
- TPG Rise Climate (lead), CAI Investments, Trilantic Energy Partners
- Deal Value
- $750M
- Stage
- Development
- ISO/RTO
- Multiple
Related Deals
Intersect Power platform — digital power / data center + clean energy infrastructure (10.8 GW portfolio at close)
Greenbelt Capital Partners; TPG Rise Climate; Climate Adaptive Infrastructure (CAI) → Alphabet (Google)
$12B enterprise value ($4.75B cash + assumed debt)
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)
Intersect Power strategic partnership — $20B investment in co-located data centers + clean energy (solar, storage)
Intersect Power → Google, TPG Rise Climate
$800M equity raise + $20B targeted investment
ArcLight Infrastructure Partners Fund VIII — $3.9B final close (exceeded $3.0B target; focuses on power generation, transmission, solar, wind, battery storage, hydro, gas, electric and gas T&D)
ArcLight Capital Partners
$3,900,000,000
Northview Energy — 2.3 GW seed portfolio of 22 operating sites (17 solar + 5 onshore wind) in US & Canada
Brookfield Renewable (Deriva Energy, Scout Clean Energy, Urban Grid) → Northview Energy
~$2.6B enterprise value (~$425M per 1/3 share)
FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) → FH Capital
$191M (per Nikkei Asia)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.