Intersect Power Secures $750 Million Growth Equity Investment

By Global Infrastructure Sherpa · Sep 17, 2025

Investment Renewable Energy announced United States Sep 17, 2025

USD750M

Deal Value

8 GW

Capacity

construction

Stage

Athos III

Project

Intersect Power secured a $750 million growth equity investment led by TPG Rise Climate, Climate Adaptive Infrastructure, and Gresham House to support its renewable energy and decarbonization infrastructure projects.

Source Intelligence

KEY DETAILS

The investment will support Intersect Power's accelerated entry into new markets and technologies, including nearly 1 GW of green hydrogen production, and the continued development of its mid to late stage portfolio totaling 8.5+ GWp and 8+ GWh throughout the United States. Quote: This investment will support Intersect Power's accelerated entry into new markets and technologies, including nearly 1 GW of green hydrogen production, and the continued development of its mid to late stage portfolio totaling 8.5+ GWp and 8+ GWh throughout the United States .

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Deal Size

Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America

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Capacity

from today's 2.4 GW portfolio to 8 GW+ of renewable generation, storage, and hydrogen production

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Location

Intersect Power’s Athos III solar + storage project is located in Riverside County, CA and totals 224 MWac.

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Announcement

June 28, 2022

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COD

The 224 MWac project has created more than 450 jobs and is expected to be online by the end of 2022.

PARTIES MENTIONED IN SOURCE

I

Intersect Power developer

"Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America"

T

TPG Rise Climate investor

"Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America"

C

Climate Adaptive Infrastructure investor

"Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America"

T

Trilantic Energy Partners North America investor

"Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America"

B

BofA Securities advisor

"BofA Securities served as financial advisor to Intersect Power in relation to the transaction"

O

Orrick, Herrington & Sutcliffe LLP advisor

"Orrick, Herrington & Sutcliffe LLP acted as legal counsel."

P

PJT Partners advisor

"PJT Partners served as financial advisor to TPG in relation to the transaction"

K

Kirkland & Ellis advisor

"Kirkland & Ellis acted as legal counsel."

high quality Enriched Feb 19, 2026

Timeline

Announced

Sep 17, 2025

Signed

Closed

Counterparts (4)

Investor

Climate Adaptive Infrastructure

Climate Adaptive Infrastructure (CAI) focuses on investments in essential infrastructure assets that...

TPG Rise Climate

company · 2 deals

TPG Rise Climate is the dedicated climate investing arm of TPG Rise. They focus on investing in clim...

Gresham House is a specialist alternative asset manager providing funds, direct investments and tail...

recipient

company · 2 deals

Intersect, a data center energy specialist, has been involved in two tracked acquisition deals, both...

Market Context

This deal is part of the Renewable Energy sector in United States.

94

Renewable Energy deals

565

deals in United States

Source

www.prnewswire.com

1 of 94 Renewable Energy deals tracked this month · Updated daily

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