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Solar developer Intersect gets $750 mln investment from private equity firm TPG - Reuters

Reuters · last updated

A top U.S. solar energy project developer on Tuesday announced a $750 million equity investment from the climate-focused private equity fund TPG Rise Climate.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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