Utility-scale renewable energy developer Intersect Power, LLC announced that it secured $127 million in equity funding from Climate Adaptive Infrastructure, LLC and Trilantic North America In addition, the company said it has also closed on a $482 million debt facility with Generate Capital and CarVal Investors.
“The Intersect Power team has developed 3.7 GW DC of solar assets with a portfolio value of more than $8 billion. The investments announced today will give us the ability to scale our core business of solar and energy storage more quickly, while expanding further into emerging classes of clean infrastructure, like green hydrogen,” said Intersect Power CEO and co-founder Sheldon Kimber.
