Intersect Power platform — solar, storage, data center infrastructure (10.8 GW portfolio at time of 2026 completion)
Alphabet announces acquisition of Intersect Power from TPG Rise Climate for $4.75B. Builds on Dec 2024 strategic partnership. Intersect has 2.2 GW solar + 2.4 GWh storage operating/construction plus large development pipeline. Landmark Big Tech energy acquisition. Note: this deal is also tracked as ma-001 in the 2026 database (completion date Jan 2026).
$4.75B
Deal Value
10,800MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Platform Acquisition
- Seller / Sponsor
- TPG Rise Climate (majority stake)
- Buyer / Financier
- Alphabet (Google)
- Deal Value
- $4.75B (cash + assumed debt)
- Stage
- Mixed (Operating + Construction + Development)
- ISO/RTO
- ERCOT, CAISO
- Source
- CNBC
Service Providers
Advisory & Legal
- Sponsor Counsel
- Orrick
- Buyer Counsel
- Cleary Gottlieb
Related Deals
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
Montpelier Solar Farm — 50 MW solar facility in Ohio, connected to PJM grid
TotalEnergies → Alphabet (Google)
50 MW
Intersect Power three standalone BESS projects (Texas)
Intersect Power → Multiple
$837M
Global Infrastructure Partners (GIP) — world's largest independent infrastructure fund with 19+ GW operational renewables, 173 GW in construction/development
Global Infrastructure Partners → BlackRock
$12.5B
Recurrent Energy — 20% stake in Canadian Solar's renewable energy subsidiary (11 GWp solar + 3 GWh storage globally)
Recurrent Energy → BlackRock
$500M
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.