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Alphabet Advances Clean Energy Strategy With $4.75 Billion Acquisition Of Intersect Power

Alphabet, the parent company of Google, has reached a definitive agreement to acquire Intersect Power, a prominent developer of data centers and clean energy projects, for $4.75 billion in cash, along with the assumption of its debt.

Strengthening Energy Security For Digital Innovation

This landmark acquisition is a strategic initiative to bolster Alphabet’s power-generation capacity and ensure a reliable energy supply for its expanding data centers. As local utilities struggle to meet the growing demand driven by artificial intelligence advancements, this move secures the renewable energy resources crucial for sustaining and training advanced AI models.

Building On Strategic Partnerships And Future Investments

Alphabet had previously secured a minority stake in Intersect Power after leading a $800 million strategic funding round alongside TPG Rise Climate. This early collaboration was part of an ambitious plan to inject $20 billion in total investment by 2030 into clean energy and data center infrastructure. The current transaction focuses on acquiring Intersect’s future development projects, while its existing operations will transition to independent management under new investor control.

Innovative Data Parks And The Road Ahead

Intersect’s pioneering data parks – strategically located beside wind, solar, and battery power installations – are set to become operational by late next year, with full completion projected by 2027. Although primarily designed for Alphabet’s use, these campuses are versatile industrial hubs capable of hosting other companies’ AI chip operations, thereby enhancing overall sector collaboration and resilience.

The deal is slated to close in the first half of next year, marking a significant milestone in Alphabet’s continued commitment to integrating sustainable energy solutions with cutting-edge digital infrastructure.

Euro Area Trade Surplus Squeezed In November 2025 As Machinery Exports Slide

The euro area recorded a €9.90 billion surplus in trade in goods with the rest of the world in November 2025, marking a notable decline from the €15.40 billion surplus in November 2024. Eurostat’s latest data points to a cooling in international trade activity, driven primarily by weaker exports of manufactured goods, despite improvements in the energy sector.

Declining Exports And Imports

In November 2025, the euro area’s exports fell to €240.20 billion, a 3.4 percent drop from €248.70 billion a year earlier. Imports declined by 1.3 percent to €230.30 billion, compared with €233.30 billion in November 2024. This contraction in trade was mainly due to reduced activity in the manufacturing sector, which was only partially offset by gains in energy.

Sectoral Shifts: Improvement In Energy Performance

Among the notable shifts, the energy sector showed substantial improvement. The energy deficit was narrowed significantly, decreasing from a minus €24.30 billion in November 2024 to minus €17.60 billion in November 2025. This improvement underscores strategic adjustments in energy-related policies and investments aimed at mitigating broader economic challenges.

Year-To-Date Performance And Trends

For the first 11 months of 2025, the euro area achieved a total surplus of €152.70 billion, a decrease from €156.80 billion in the same period of 2024. During this period, exports to the rest of the world increased by 2.3 percent to €2.70 trillion, while imports edged up by 2.6 percent to €2.55 trillion. Intra-euro area trade also grew by 1.6 percent, reaching €2.42 trillion, reflecting steady domestic market activities within the single currency bloc.

European Union Trade Outlook

Across the wider European Union, the trade surplus in November 2025 stood at €8.10 billion, compared with €11.80 billion in November 2024. EU exports fell by 4.4 percent to €213.80 billion, while imports declined by 2.9 percent to €205.70 billion. Although the energy deficit improved, shrinking from €28.20 billion to €20.40 billion, weaker performance in key manufacturing segments, particularly machinery and vehicles, weighed on the overall balance.

Over the first 11 months of 2025, the EU recorded a trade surplus of €122.40 billion, down from €128.00 billion in the same period of 2024. Exports and imports increased by 2 percent and 2.3 percent respectively, while intra-EU trade grew by 2.2 percent to €3.82 trillion. The data points to mixed trends across EU trade rather than a uniform pattern of expansion or contraction.

Seasonally Adjusted Insights

On a seasonally adjusted month-to-month basis, figures for November 2025 show that euro area exports increased by 1.1 percent and imports by 2.5 percent, resulting in a surplus of €10.70 billion. In the European Union, exports rose by 2 percent and imports by 3.5 percent, yielding a seasonally adjusted surplus of €8.80 billion.

During the three months from September to November 2025, trade with non-euro and non-EU partners revealed divergent trends. Manufactured goods continued to face challenges, while energy-related trade showed relative strength.

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