By Abdullahi Lukman
Global infrastructure investor I Squared Capital has launched ANZA Power, a new independent power producer focused on delivering clean and reliable energy across Australia and New Zealand.
Backed by a US$300 million commitment from I Squared’s ISQ Growth Markets Infrastructure Fund II, ANZA Power will develop and operate solar generation, battery energy storage systems and other clean technologies to support a lower-carbon power system while ensuring grid resilience for commercial and industrial customers.
The platform will combine renewable energy, battery storage and natural gas to provide dispatchable power across both markets.
Advanced projects in Australia include 80MWac/320MWh solar-hybrid plants in Victoria and New South Wales, secured under 20-year agreements with a tier-one hyperscale customer, providing long-term revenue certainty.
ANZA Power also plans to begin construction of a further 80MW of renewable assets across Australia and New Zealand in the first half of 2026, as it scales its regional footprint.
The launch adds to I Squared Capital’s global renewable energy portfolio, which comprises more than 10,000MW of renewable capacity and 15,000MW of natural gas-fired generation worldwide.
The investment follows I Squared’s recent expansion in other renewable markets. In late 2024, its renewables platform Cube Green Energy acquired German agrivoltaics developer SUNfarming, with plans to invest more than €500 million by 2028 into a pipeline of nearly 2GW of Agri-PV projects.
I Squared said the ANZA Power launch reflects its long-term commitment to the Asia-Pacific region and its strategy of building locally anchored energy platforms.
Since 2014, the firm has committed about US$7 billion globally to energy transition investments.