NewQ1 2026 Clean Energy Deal Intelligence Report is live
M&AClosedJune 28, 2022

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

MarketsHybrid

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

M&AMar 2026

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)

M&ADec 2025

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)

M&ADec 2024

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

FinancingApr 2026

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

M&AMar 2026

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)

M&AMay 2026

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)

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