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press releases

INTERSECT POWER’S 828 MWp LUMINA SOLAR PROJECT IN TEXAS REACHES COMMERCIAL OPERATION

Intersect Power announces the completion of its base portfolio totaling 2.2 GW of solar PV + 1.4 GWh of co-located storage, following the commercial operations of the Lumina Solar project in Texas.

INTERSECT POWER REACHES COMMERCIAL OPERATION OF 679 MWp / 1 GWh OBERON SOLAR + STORAGE PROJECT IN CALIFORNIA

OAKLAND, Calif., November 14, 2023 – Intersect Power, LLC (“Intersect Power” or “Intersect”) today announced the commercial operation of its Oberon Solar + Storage project, located in Riverside County, California. The Oberon project generates 679 MWp/500 MWac of reliable solar...

Intersect Power Secures an Up to $800 Million Revolving Credit Facility to Support Expansion of its Clean Energy Platform

Houston, TX -- June 27, 2023 -- Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced the closing of an up to $800 million new revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy...

Intersect Power’s 415 MWp Radian Solar Project in Texas Reaches Commercial Operation

OAKLAND, Calif., June 6, 2023 /PRNewswire/ -- Intersect Power, LLC, ("Intersect Power"), announced the commercial operation of its Radian solar project, located in Brown County, TX, on May 16, 2023. The Radian solar project: Utilizes First Solar panels, Created more than 500 construction jobs over...

Intersect Power Reaches Commercial Operation of 310 MWp Athos III Solar + Storage Project in California

The Athos III solar project was built by union labor, with American-made solar panels, batteries, and steel piles.

Intersect Power Procures 4.9 GW for 2025-2029 Delivery, Increasing its Total 2022 Orders for First Solar Module Technology to 7.3 GW

The orders placed by Intersect Power this year will see a combination of First Solar’s Series 6 Plus and Series 7 modules deployed in its solar, storage, and green hydrogen projects.

Intersect Power Closes $3.1 Billion in Project Financing to Complete Near Term Portfolio Totaling 2.2 GWDC

All four projects – Lumina I, Lumina II, Oberon I and Oberon II – are expected to be operational in 2023.

Intersect Power Orders 2.4 GW of First Solar’s High-Performance Modules

The modules will be deployed in Intersect Power’s solar, storage, and green hydrogen projects coming online across the United States in 2025 through 2027.

Intersect Power Announces $750M Growth Equity Investment from TPG Rise Climate, CAI Investments & Trilantic Energy Partners North America

Investment will provide significant capital to accelerate the build-out of Intersect Power’s clean energy platform.

Intersect Power Wins Two “Deal of the Year” Awards for $2.6B of Project Financing

Intersect Power has been awarded two prestigious “Deal of the Year” awards in recognition of November 2021’s closing on an aggregate of $2.6B of financing commitments.

Intersect Power welcomes John Cook as Chief Legal Officer

John Cook will join the Company’s executive team leading the integrated legal activities to support Intersect Power’s rapid growth.

Intersect Power Secures $2.6 Billion in Project Financing to Build Out Near Term Portfolio Including 2.2 GWDC of Late-Stage Solar with 1.4 GWh of Storage; Projects Will be in Operation by 2023

Closings demonstrate thesis that today’s long term offtake contracts destroy value and that innovative financing can enable more valuable offtake structures  San Francisco -- [November 18, 2021] -- Intersect Power, LLC, (“Intersect Power” or “Intersect”), announced today the closing of...

Intersect Power and Electric Hydrogen Collaborate to Advance Green Hydrogen

Intersect Power announces a MOU with Electric Hydrogen, an electrolyzer manufacturer led by a team of energy transition veterans from First Solar and Tesla, to advance green hydrogen production infrastructure

Intersect Power Selects Signal Energy and Nextracker for Two Utility-Scale Solar Projects in Texas and California

Intersect Power announces Signal Energy as the engineering, procurement and construction (EPC) firm and supply of the NX Horizon smart solar trackers and TrueCapture yield optimization software from Nextracker for two utility-scale solar projects totaling 728 MW (DC) in Texas...

Intersect Power CEO Statement on American Jobs Plan

With the release of the American Jobs Plan, and the announcement of the goal to move toward 100 percent carbon-pollution free power by 2035, the Biden administration is demonstrating both an understanding of and a commitment to doing what it...

Intersect Power Chooses Long-Term Reliability and Performance; Orders up to 2.4 GW of First Solar Series 6

Modules supplied under the seven purchase orders will be deployed to seven projects developed by Intersect Power, with deliveries scheduled for 2022 and 2023

Intersect Power Secures Over $600 Million of Corporate Capital to Accelerate Growth of Leading Clean Infrastructure Company

Intersect Power has secured equity funding to accelerate the company’s transition to a scalable provider of electric power for utilities and large end-users.

Intersect Power and Direct Energy Business Sign Long-term Power Purchase Agreement on 250 MW Solar Project in California

Once completed, the combined 450 MWAC Athos Solar I and II project will be one of the largest solar installations in California.

SB Energy and Intersect Power Partner on 1.7 GW of U.S. Solar Projects

SB Energy and Intersect Power announced today that SB Energy will acquire a portfolio of 5 U.S. solar power plants with a combined capacity of more than 1.7 GW from Intersect Power.

Intersect Power Announces 1.7 GW Portfolio of Shovel-Ready U.S. Solar Projects

Intersect Power announced today that it has entered late-stage development on a large portfolio ofsolar power plants with a combined capacity of more than 1.7 gigawatts (GW)DC.