Alphabet's (GOOGL.O), opens new tab Google, along with TPG Rise Climate and other investors, is backing clean energy developer Intersect Power as part more than $800 million funding round, the company said on Tuesday.

The company is also partnering with Intersect and TPG Rise Climate to develop industrial parks. These parks will house gigawatts of data center capacity co-located with new clean energy plants.

The first phase of the first co-located project is expected to be operational by 2026 and fully complete in 2027.

Founded in 2016, Intersect Power provides scalable low-carbon solutions to energy customers and is a portfolio company of TPG Rise Climate, which is the climate-focused fund of private equity firm TPG.