Intel
Total Deals
Total Capacity
Disclosed Investment
Disclosed transactions only
Deal Period
Latest: May 2024
Strategy Breakdown
Business Context
- Intel guided 2025 gross capex of $20–23 billion, down from $25–27 billion in 2024, reflecting cost discipline amid market pressures.
- Received up to $8.5 billion in CHIPS Act grants and $11 billion in loans to expand fabs in Arizona, Ohio, New Mexico, and Oregon.
- Ohio fab complex delayed to 2030 from original 2027 target; Arizona Fab 52 and Fab 62 entered production in 2025 on Intel 18A process.
- AI data center buildout driving demand for energy-efficient compute; Intel positioning Gaudi accelerators and 18A foundry services against NVIDIA dominance.
Commitments
- RE100 member since 2020; target of 100% renewable electricity globally by 2030.
- Net-zero Scope 1 and 2 emissions by 2040; net-zero upstream Scope 3 by 2050.
- No SBTi-approved targets; Intel declined participation citing structural challenges with near-term requirements given historical reductions from 2006 peak.
Energy Strategy
A mature solar-dominated procurement strategy concentrated in Oregon and Arizona, anchored by utility-scale PPAs with Portland General Electric and onsite installations at major fab campuses.
- Signed three consecutive PPAs with PGE totaling 360 MW between 2020 and 2023 (Pachwáywit Fields 162 MW, Daybreak 138 MW, Bakeoven 60 MW) to serve Oregon operations.
- Issued $1.25 billion inaugural green bond in 2022 to fund renewable electricity, energy efficiency, and circular economy projects across global manufacturing footprint.
- Deployed 8 MW solar carport at Ocotillo, Arizona in 2017 and 4 MW onsite solar farm in Malaysia in 2021, representing largest solar installation outside U.S.
- Launched Catalyze program in 2023 with Applied Materials and Schneider Electric to aggregate semiconductor supply chain renewable purchasing power for smaller suppliers.
- Portfolio heavily weighted to solar (495 MW of 518 MW total capacity); no tracked nuclear, geothermal, or 24/7 CFE deals despite industry peer pivot toward firm clean power.
Investment Timeline
Deal Breakdown
By Category
By Energy Type
Geographic Footprint
Loading map...
All Deals
| Date | Deal | Capacity | Value | Category | |
|---|---|---|---|---|---|
| May 2024 | Intel – Bloom Energy Power Capacity Agreement Expansion, Santa Clara HPC Data Center Bloom Energy Corporation | — | — | Infra/Capex | |
| Jul 2023 | Intel, Applied Materials, Schneider Electric – Catalyze Semiconductor Supply Chain Renewable Energy Program Schneider Electric | — | — | JV/Partnership | |
| Apr 2023 | Intel – PGE / Avangrid Bakeoven Solar 60 MW PPA, Wasco County Oregon Portland General Electric (PGE) | 60 MW | — | PPA | |
| Jan 2023 | Intel – Malaysia 35 MW Offsite Solar PPA Unknown | 35 MW | — | PPA | |
| Aug 2022 | Intel – Inaugural Green Bond Issuance ($1.25 Billion, August 2022) Bond investors (public issuance) | — | $1.3B | Infra/Capex | |
| Apr 2021 | Intel Malaysia – Onsite Solar Farm, Kulim Hi-Tech Park & Penang (4.1 MW) NEFIN | 4 MW | — | Infra/Capex | |
| Feb 2021 | Intel – PGE / Avangrid Daybreak Solar 138 MW PPA, Wasco County Oregon Portland General Electric (PGE) | 138 MW | — | PPA | |
| Jan 2020 | Intel – PGE / Avangrid Pachwáywit Fields Solar 162 MW, Gilliam County Oregon Portland General Electric (PGE) | 162 MW | — | PPA | |
| Dec 2018 | Intel – SRP / sPower East Line Solar 100 MW PPA, Coolidge Arizona Salt River Project (SRP) | 100 MW | — | PPA | |
| Nov 2017 | Intel Ireland – 100% Renewable Electricity Supply Agreement with Electric Ireland Electric Ireland | — | — | PPA | |
| Apr 2017 | Intel – Ocotillo Campus Solar Carport, Chandler, Arizona (7.7 MW) Tesla (SolarCity successor) | 8 MW | — | Infra/Capex | |
| Feb 2016 | Intel – Folsom Campus Solar Carport Phase 3 (6.5 MW) SolarCity Corporation | 7 MW | — | Infra/Capex | |
| Jan 2014 | Intel – Bloom Energy Fuel Cell Power Installation, Santa Clara HPC Data Center Bloom Energy Corporation | 1 MW | — | Infra/Capex | |
| Jan 2012 | Intel – Folsom Campus Solar Phase 2 (1 MW) SolarCity Corporation | 1 MW | — | Infra/Capex | |
| Jan 2011 | Intel Capital – Sulfurcell Solar Thin-Film Follow-on Investment (2011 Round) Sulfurcell Solartechnik GmbH | — | — | Equity | |
| Jan 2010 | Intel – Eight-Site U.S. Onsite Solar Installation Program SolarCity Corporation | 3 MW | — | Infra/Capex | |
| Jul 2009 | Intel Capital – CPower Energy Management Equity Investment CPower | — | — | Equity | |
| Jul 2008 | Intel Capital – Sulfurcell Solar Thin-Film Investment (2008 Round) Sulfurcell Solartechnik GmbH | — | — | Equity | |
| Jun 2008 | Intel Capital – SpectraWatt Inc. Solar Cell Manufacturer Equity Investment SpectraWatt Inc. | — | $50M | Equity | |
| Jan 2004 | Intel – PGE Green Future Enterprise (Clean Wind) Oregon Wind Power Agreement Portland General Electric (PGE) | — | — | PPA |