POWER Magazine•5 months ago
Alphabet Buying Clean Energy Developer to Support Data Centers
- •Alphabet (Google's parent) is acquiring clean energy developer Intersect for $4.75 billion in cash, plus assumed debt.
- •The acquisition is specifically aimed at supporting Google's data center operations with clean energy and infrastructure solutions.
- •This M&A activity signals a growing trend of large power consumers directly acquiring clean energy development capabilities to secure their energy supply and meet sustainability goals.
m&a