Alphabet’s deal for Intersect is less about owning solar farms than owning something scarcer: a team, a development pipeline — and a faster path through America’s grid bottlenecks.
Alphabet’s agreement to buy Intersect for $4.75bn in cash (plus assumed debt) looks, at first glance, like another chapter in Big Tech’s long romance with renewable energy. But read the fine print and the motivation is clearer: this is not a trophy purchase of operating wind and solar farms. It is a bid to control time — and to reduce the risk that the next decade of AI growth gets stranded in an interconnection queue.
