Global infrastructure investor I Squared Capital has launched ANZA Power, a next-generation independent power producer (IPP) in Australia and New Zealand.
ANZA Power aims to provide reliable and sustainable energy solutions through solar energy, battery energy storage systems (BESS), and other clean technologies throughout the two countries.
Through its ISQ Growth Markets Infrastructure Fund II, I Squared has committed US$300 million to 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.
The platform joins I Squared’s growing portfolio of global renewable energy investments, which includes more than 10,000MW of renewable energy capacity and 15,000MW of natural gas-powered generation.
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ANZA Power will combine diversified clean energy sources, including renewables, BESS and natural gas, to deliver reliable energy solutions to commercial and industrial customers across both countries.
Advanced-stage projects within the Australian portfolio include 80MWac/320MWh of solar-hybrid plants located in Victoria and New South Wales, secured by long-term, 20-year agreements with a tier one hyperscale customer, creating revenue certainty that will enable further scale and investment in lasting energy infrastructure.
In addition, ANZA Power expects to begin construction of an additional 80MW of renewable energy assets across Australia and New Zealand in the first half of 2026.
The launch represents I Squared’s latest expansion in renewable energy markets, following significant investments in other regions.
In late 2024, the firm’s renewables platform Cube Green Energy acquired German agrivoltaics developer SUNfarming, with I Squared targeting to deploy over €500 million (US$581 million) capital expenditure into SUNfarming’s Agri-PV pipeline by 2028.
The German acquisition gave Cube Green Energy an early-mover advantage in Germany’s Agri-PV market, adding to a pipeline of close to 2GW of agrivoltaic capacity.
The investment reflects I Squared’s long-term conviction in the Asia-Pacific region and its strategy of building high-quality, locally anchored platforms that can grow alongside industrial and commercial customers. Since 2014, I Squared has committed US$7 billion to energy transition initiatives globally.
To read the full article, please visit PV Tech.
The Energy Storage Summit Australia 2026 will be returning to Sydney on 18-19 March. It features keynote speeches and panel discussions on topics such as the Capacity Investment Scheme, long-duration energy storage, and BESS revenue streams. To secure your tickets and learn more about the event, please visit the official website. ESN Premium subscribers receive an exclusive discount on ticket prices.
