Alphabet (Google) acquires Intersect, a solar and battery project developer, from TPG for $4.75 billion

Acquisition Solar announced Mar 10, 2026

USD4.8B

Deal Value

development/construction

Stage

Alphabet, the parent company of Google, acquired Intersect, a developer of data center infrastructure and energy solutions, from TPG for $4.75 billion. Google previously held a minority stake in Intersect, which specializes in solar projects and battery storage. This acquisition strengthens Google's position in renewable energy development and data center infrastructure.

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Counterparts (3)

Buyer

Alphabet

company · 2 deals

Alphabet has engaged in 2 acquisitions, both as the buyer. These acquisitions focused on data center energy specialist Intersect, indicating a strategic interest in data center technology.

Seller

Intersect

company · 2 deals

Intersect, a data center energy specialist, has been involved in two tracked acquisition deals, both as the seller. Alphabet (Google's parent company) was the acquirer in both instances. This suggests a strategic focus on data center energy solutions and a successful exit strategy via acquisition.

TPG

company · 3 deals

TPG is a leading global alternative asset manager with a diversified set of investment strategies, including private equity, impact, credit, real estate, and market solutions. The firm focuses on innovation-led growth and has a culture of openness and collaboration.

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Deal Analysis

Alphabet is taking full control of its renewable energy supply chain, acquiring Intersect for $4.75 billion from alternative asset manager TPG. This move solidifies Google's direct ownership of a data center energy specialist focused on solar and battery storage, a company in which Google previously held a minority stake. It also marks another instance of Alphabet acquiring Intersect, which has been involved in two tracked acquisition deals, both with Alphabet as the buyer. The deal directly strengthens Google's position in developing critical green infrastructure for its expanding data center footprint.

$4.75 billion acquisition by Alphabet.
Google previously held a minority stake in Intersect.
Intersect has been acquired by Alphabet twice.
TPG, an alternative asset manager, exited the solar and battery developer.

Source Intelligence

KEY DETAILS

O Google já tinha participação minoritária na Intersect, desenvolvedora de soluções de infraestrutura de data center e energia, proveniente de uma rodada de financiamento anunciada anteriormente. A transação inclui a equipe da Intersect e projetos de energia e data centers em desenvolvimento ou em construção. As operações da Intersect permanecerão separadas da Alphabet e do Google sob a marca Intersect e serão lideradas por Sheldon Kimber. Os ativos operacionais existentes e em desenvolvimento da Intersect no Texas e na Califórnia não fazem parte da aquisição. Esses ativos continuarão operando como uma empresa independente, a IPX Power, com o apoio dos investidores atuais: TPG Rise Climate, Climate Adaptive Infrastructure e Greenbelt Capital Partners.

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Deal Size

por US$ 4,75 bilhões.

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Location

os investimentos do Google em data centers nos Estados Unidos para atender à demanda de seus clientes e usuários da nuvem.

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Financials

a conclusão da venda de sua participação na Intersect para a Alphabet, dona do Google, por US$ 4,75 bilhões.

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Announcement

anunciou nesta terça-feira, 10 de março, a conclusão da venda

PARTIES MENTIONED IN SOURCE

Alphabet buyer

"para a Alphabet, dona do Google"

Google buyer

"dona do Google"

TPG seller

"A TPG, empresa global de gestão de ativos, anunciou nesta terça-feira, 10 de março, a conclusão da venda de sua participação na Intersect para a Alphabet"

Intersect developer

"venda de sua participação na Intersect, desenvolvedora de soluções de infraestrutura de data center e energia"

high quality Enriched Mar 11, 2026

Timeline

Announced

Mar 10, 2026

Signed

Closed

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Source

megawhat.uol.com.br

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