Global infrastructure investor I Squared Capital has launched ANZA Power, a next-generation independent power producer (IPP), and committed $300 million to help the platform deliver reliable clean energy in Australia and New Zealand.
The commitment came from the firm’s ISQ Growth Markets Infrastructure Fund II, a closed-end fund that will target energy, utilities, telecommunications, social infrastructure and transportation assets in Asia Pacific and Latin America. The fund has a target of $3 billion.
ANZA Power was formed through the acquisition of a portfolio of solar hybrid plants and battery energy storage systems (BESS), providing the new platform with an immediate pipeline of projects and contracted cash flows. I Squared said it committed $300 million to help enable ANZA Power to provide clean, dispatchable power that supports a lower-carbon power system while maintaining grid resilience and long-term reliability for commercial and industrial customers. Under t
