Intersect Power
Intersect Power, founded in 2016, develops and manages large-scale clean energy projects, including solar PV and storage systems, with significant expansion plans in grid-tied renewables and green hydrogen.
Company History
Intersect Power was founded in 2016 with a focus on developing, owning, and operating large-scale clean energy resources. Since its inception, the company has rapidly grown its portfolio and has been recognized as one of America's Best Startup Employers by Forbes in 2024. In its commitment to advancing renewable energy solutions, Intersect Power has secured significant project financing and revolving credit facilities to support ongoing and future expansion.
Clean Energy Projects
Intersect Power operates significant solar and storage projects, including the 828 MWp Lumina Solar Project in Texas and the 679 MWp / 1 GWh Oberon Solar + Storage Project in California. These projects exemplify the company’s expertise in the development and management of large-scale renewable energy assets. With substantial project financing and a robust pipeline, Intersect Power continues to lead in the clean energy sector.
Renewable Energy Portfolio
Intersect Power has a base portfolio consisting of 2.2 GW of solar photovoltaic (PV) capacity and 1.4 GWh of co-located storage. The company continues to expand its grid-tied renewables and large-scale clean energy assets, including ventures into green hydrogen. Orders for First Solar Module Technology have totaled 7.3 GW for delivery between 2022 and 2029, reflecting the company's strategic growth in the renewable sector.
Financial Growth and Support
To support its expansion, Intersect Power secured an up to $800 million revolving credit facility and closed $3.1 billion in project financing to complete its near-term portfolio totaling 2.2 GWDC. These financial instruments enable the company to continue its development of renewable energy projects and invest in future clean energy technologies.
