In July 2017, Intersect Power closed on an investment with Macquarie Infrastructure Corporation (MIC) in the development of the company’s solar and power storage projects across the U.S. The investment includes equity, contingent equity commitments and credit facilities that comprehensively fund Intersect Power’s more than 700 MWp pipeline development and expansion. A $6.6 billion listed company, MIC’s portfolio of infrastructure businesses includes over 350MW of operating solar and wind power assets. MIC is actively engaged in the development and acquisition of renewable power operations.
Intersect Power has a pipeline of early stage projects in California and Texas, and is actively pursuing additional development opportunities across the U.S. With a fully staffed development team and the robust financial support of MIC, Intersect Power is well positioned both to acquire early to late stage development projects and to manage them into generating assets.
Building on nearly a decade of utility-scale solar project development together, the Intersect Power team has the ability to leverage creativity and energy market sophistication into innovative solutions that address customers’ rapidly evolving needs.
With a pipeline of projects being developed for energy delivery from 2019 to 2021, Intersect power continues to develop partnerships across the full supply chain add greenfield pipeline.