# TPG Rise Climate

Google Pays $4.75bn to Buy Intersect, Moves From Power Contracts to Ownership in Clean Energy

Google has acquired wind and solar developer Intersect from TPG Rise Climate for $4.75 billion, taking on the company’s debt. The deal signals a shift by big tech from relying mainly on power purchase agreements to owning generation assets, aiming to secure long‑term, controllable clean power for energy‑intensive operations such as data centres and AI.