$300M Powers Clean Energy Push in Australia and New Zealand

Getting businesses to switch to renewable energy has always faced one big obstacle: what happens when the sun isn't shining? A new $300 million investment is tackling that challenge head-on.

I Squared Capital, a global infrastructure investor, just launched ANZA Power to deliver reliable clean energy across Australia and New Zealand. The company isn't just building solar farms—it's creating an integrated system that combines solar generation, battery storage, and flexible backup power to keep the lights on 24/7.

The timing couldn't be better. Businesses across both countries are racing to reduce their carbon footprints while still needing dependable power every hour of the day. ANZA Power was designed specifically to solve this puzzle.

The new platform already has serious momentum. It launched by acquiring existing solar hybrid plants and battery storage systems, giving it an immediate pipeline of projects and revenue. Advanced projects in the works include 80 megawatts of solar hybrid plants in Victoria and New South Wales, already locked in with 20-year agreements to a major tech customer.

Construction on an additional 80 megawatts of renewable projects across both countries is set to begin in early 2026. That's enough clean energy to power tens of thousands of homes and businesses.

The Ripple Effect

This investment signals something bigger than one company's launch. It proves that clean energy can finally compete on reliability, not just environmental benefits. When major industrial customers sign 20-year contracts for renewable power, it sends a message that the energy transition is becoming the practical choice, not just the idealistic one.

The model could reshape how businesses think about going green. Instead of choosing between clean energy and dependable energy, they can now have both. That removes one of the biggest barriers holding companies back from committing to sustainability goals.

I Squared Capital brings serious global experience to the table, managing $50 billion in infrastructure assets across more than 70 countries. Their renewable portfolio already includes over 10,000 megawatts of clean energy capacity worldwide, including a major platform across Asia.

For Australia and New Zealand, this means access to proven expertise and deep pockets to scale up quickly. The $300 million commitment is just the starting point—ANZA Power is built to grow alongside customer demand and the region's clean energy goals.

The future of energy isn't just cleaner—it's finally becoming as reliable as what it's replacing.