TPG Rise Climate invests in Intersect Power
By Global Infrastructure Sherpa · Mar 26, 2024
TPG Rise Climate made a significant investment in Intersect Power, a renewable energy developer focused on solar, storage, and green hydrogen projects.
Source Intelligence
KEY DETAILS
The investment will support Intersect Power's entry into new markets and technologies, including nearly 1 GW of green hydrogen production. Quote: This investment will support Intersect Power's accelerated entry into new markets and technologies, including nearly 1 GW of green hydrogen production
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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
Construction workers installing panels at Intersect Power’s Athos III solar + storage project in Riverside County, CA.
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Announcement
SAN FRANCISCO , June 28, 2022 /PRNewswire/ -- Intersect Power, LLC, ("Intersect Power" or the "Company") announced today a $750 million growth equity investment
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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
T
TPG Rise Climate
investor
"a $750 million growth equity investment led by TPG Rise Climate"
C
CAI Investments
investor
"with additional participation from existing investors, Climate Adaptive Infrastructure, LLC. ("CAI")"
T
Trilantic Energy Partners North America
investor
"and Trilantic Energy Partners North America ("Trilantic")"
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."
I
Intersect Power
developer
"Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America"
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Renewable Energy sector in United States.
565
deals in United States
1 of 15 Renewable Energy deals tracked this month · Updated daily
Global Infrastructure Sherpa