Utility Dive•about 2 months ago
Alphabet acquires clean energy developer Intersect for $4.75B
- •Alphabet (Google's parent) acquired clean energy developer Intersect for $4.75 billion, marking a significant investment in direct renewable asset ownership.
- •This acquisition represents a new, more direct tactic in Alphabet's decarbonization strategy, moving beyond traditional PPA structures to secure clean energy supply.
- •For developers, this signals a major tech company's deeper entry into direct clean energy asset ownership, potentially increasing competition or creating new partnership opportunities.
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