After Google takeover, Intersect spins off grid-tied power business
AI Analysis
Summary
<p>In December 2025, Google announced it would acquire Intersect, a renewable energy developer, for $4.75 billion in cash, plus the assumption of debt. The acquisition enables Google to bring more electricity generation capacity online faster for its data center development. Existing Intersect investors — including asset management firm TPG, Climate Adaptive Infrastructure, Greenbelt Capital Partners…</p> <p>The post <a href="https://www.solarpowerworldonline.com/2026/03/after-google-takeover-intersect-changes-name-to-ipx-power/">After Google takeover, Intersect spins off grid-tied power business</a> appeared first on <a href="https://www.solarpowerworldonline.com">Solar Power World</a>.</p>
<p>In December 2025, Google announced it would acquire Intersect, a renewable energy developer, for $4.75 billion in cash, plus the assumption of debt. The acquisition enables Google to bring more electricity generation capacity online faster for its data center development. Existing Intersect investors — including asset management firm TPG, Climate Adaptive Infrastructure, Greenbelt Capital Partners…</p>
<p>The post <a href="https://www.solarpowerworldonline.com/2026/03/after-google-takeover-intersect-changes-name-to-ipx-power/">After Google takeover, Intersect spins off grid-tied power business</a> appeared first on <a href="https://www.solarpowerworldonline.com">Solar Power World</a>.</p>