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
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate M&A
- 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
- CAISO, ERCOT
- Source
- CNBC
Capital Structure
$4.75B
Total transaction value
Tranches
- Cash Consideration · Alphabet (Google)
- $4.75B
Service Providers
Advisory & Legal
- Sponsor Counsel
- Orrick
- Buyer Counsel
- Cleary Gottlieb
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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