Dealflow | February 1, 2021

Intersect power raises $600 million to expand utility-scale solar in the U.S.

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, February 1 – Solar power is the fastest-growing energy sector in the U.S. San Francisco-based Intersect Power has developed 1.7 gigawatts of solar power since 2015.

The company raised a mix of debt and equity to support its 3.2-gigawatt pipeline of new solar generating capacity. Climate Adaptive Infrastructure and Trilantic North America invested $127 million in equity in the company, while Generate Capital and CarVal Investors kicked in $482 million in debt.

(Listen to ImpactAlpha’s podcast with Generate’s Jigar Shah, “Deployment, deployment, deployment are keywords for sustainable infrastructure in 2021“).