Google signs strategic partnership with Intersect Power and TPG Rise Climate to develop colocated renewable power and storage for new data centers
Type: Partnership · Technology: Data Center, Solar, Storage · Country: United States · Value: $800M · Announced: 2024-12-10
Google, Intersect Power and TPG Rise Climate formed a strategic partnership in which Intersect will build colocated clean energy (solar, wind and storage) to serve Google as offtaker and anchor tenant for new data center campuses across the US, backed by an $800 million funding round led by Google and TPG.
Counterparties
- Greenbelt Capital Partners (Investor)
- Intersect Power, Inc (Developer)
- Morgan Stanley & Co (Lender)
- TPG Rise Climate (Investor)
- Climate Adaptive Infrastructure (Investor)
- Google LLC (Offtaker)
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