Google closes $4.75bn acquisition of Intersect Power

Google is active as both an offtaker and buyer, securing 7 verified deals, including nearly 1.2 GW of carbon-free energy via PPAs with Clearway. The company's clean energy investments span solar in Malaysia, offshore wind in Germany, and battery storage in the USA, with a strategic partnership in fusion energy. Google also partners in data center development, indicating a focus on powering its infrastructure with clean energy sources.

Intersect Power is a US-based developer of large-scale renewable energy and data center infrastructure, with $15 billion in projects operating or under construction, totaling 10.8 GW by late 2028. The company focuses on co-locating industrial demand, particularly for AI data centers, with dedicated gas and renewable power generation. Intersect Power is set to be acquired by Google in December 2025.