Anza Power Sets New Precedent with Tolling Agreement with Amazon Australia
In a groundbreaking move within the energy sector, Anza Power, an independent power producer recently established by I Squared Capital, has formalized a pioneering tolling agreement with Amazon Australia. This auspicious partnership revolves around the Bairnsdale Battery Energy Storage System, located in East Gippsland, Victoria, marking a significant milestone as Amazon’s first standalone battery storage tolling agreement within the Asia Pacific region. This innovative collaboration not only signals a new direction for Amazon’s energy procurement strategies but also represents a unique arrangement within Australia for a non-energy business.
The Bairnsdale facility boasts a formidable capacity of 50 megawatts (MW) and an energy storage capability of 200 megawatt-hours (MWh). Its primary function is to capture excess electricity during periods of low demand and strategically dispatch it during peak consumption times. This operational model is instrumental in bolstering the reliability of the regional grid while enhancing the flexibility of energy distribution. Moreover, the facility is set to facilitate an increased integration of renewable energy sources into Australia’s National Electricity Market, indicative of a broader transition towards sustainable energy practices.
Anza Power was launched in January 2026 with a substantial commitment of USD 0 million from I Squared Capital, aimed at developing robust and sustainable energy solutions across Australia and New Zealand. The formation of this platform is a proactive response to the dual challenge of expediting the decarbonization of energy systems while simultaneously ensuring the provision of reliable, around-the-clock power for commercial and industrial clients. Anza’s strategy intertwines renewable energy generation, battery storage solutions, and adaptable power systems, creating a cohesive approach to meeting the burgeoning energy demands of today’s economy.
The recently signed agreement with Amazon is a testament to this integrated strategy. It builds upon an existing relationship formed earlier in April 2026, when Anza Power announced five solar-plus-battery power purchase agreements with Amazon. The collaboration with Amazon Australia has also been enhanced by the platform’s inaugural offtake agreement in New Zealand, executed with the dairy cooperative Fonterra. In total, Anza Power has successfully secured seven clean energy offtake agreements since its inception, underscoring its rapid growth and rising influence in the renewable energy sector.
Additionally, Anza Power reaps the advantages of I Squared Capital’s extensive energy platform within the Asia-Pacific region. This broader network supports Anza’s endeavors through expertise in developing, financing, constructing, and managing renewable energy generation and utility-scale storage facilities, thereby solidifying its operational foundation.
The strategic partnership between Anza Power and Amazon Australia is emblematic of a larger trend within the energy sector: the convergence of traditional business models with cutting-edge energy solutions in the face of climate change and growing energy demands. As corporations increasingly recognize the importance of sustainability, arrangements like the one between Anza and Amazon may become more commonplace, reshaping the contours of energy procurement and consumption.
About Anza Power
Founded in January 2026, Anza Power is dedicated to delivering integrated energy solutions throughout Australia and New Zealand. As a developer, owner, and operator, the company is constructing a diverse portfolio of renewable energy generation, natural gas production, and battery energy storage assets. These initiatives aim to provide reliable, flexible, and low-carbon power solutions that serve businesses, communities, and contribute to the overall energy transition. Backed by the resources of I Squared Capital, Anza Power blends local development knowledge with long-term investment capabilities and global operational expertise, currently managing more than 1GW of solar and battery energy storage assets, alongside an extensive development pipeline.
About I Squared Capital
I Squared Capital is a distinguished independent global infrastructure investor that focuses on mid-market opportunities, managing an impressive portfolio exceeding billion in assets. Established in 2012, the firm has developed into a key player in global infrastructure investment, encompassing various sectors, including power and utilities, transportation and logistics, digital infrastructure, and social infrastructure. With its headquarters in Miami and additional offices around the world, I Squared Capital operates across more than 115 countries, impacting millions of lives by providing essential services.
In essence, the agreement between Anza Power and Amazon Australia not only highlights a strategic corporate partnership but also exemplifies the necessary shift toward sustainable energy solutions that are becoming imperative in our evolving economic landscape. As businesses seek innovative ways to meet energy demands while adhering to environmental responsibilities, collaborations like this may very well define the future of energy procurement and policy within the region and beyond.
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Tags: #BusinessNews, #EconomyNews, #Australia