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Infrastructure  + Alternative Assets  + Real Assets  |  January 28, 2026
I Squared Capital Launches Radiant Energy Solutions in Middle East Renewables Push 
Joe Palmisano
By: Joe Palmisano

I Squared Capital Launches Radiant Energy Solutions in Middle East Renewables Push 

I Squared Capital has launched Radiant Energy Solutions, an investment from its Middle East infrastructure strategy designed to target mid‑market opportunities across the region and accelerate decarbonization for commercial and industrial customers.  

Radiant marks the firm’s entry into the Middle East distributed renewables market through the acquisition of FAS Renewables and its wholly owned subsidiary Zahra Energy, a Saudi Arabia–based distributed solar company with a secured and advanced portfolio of over 100MWp of distributed solar projects. 

Miami-based I Squared has committed $150 million to support Radiant’s growth, with an ambition to deliver more than 1GW of behind-the-meter renewable energy, storage, and other energy transition solutions across the Gulf Cooperation Council.  

“The Middle East is one of the most dynamic infrastructure markets globally, underpinned by strong economic growth, an ambitious energy transition agenda, and a clear commitment to private sector participation,” said Sadek Wahba, chairman and managing partner at I Squared Capital. 

The launch of Radiant builds on I Squared’s growing regional footprint, including its office in Abu Dhabi and plans to open an office in Riyadh. In 2025, the firm deepened its local engagement by signing memorandums of understanding with The Arab Energy Fund and Saudi Arabia’s Public Investment Fund. 

Digital transformation and the explosive growth of AI are driving unprecedented energy demands in data centers across North America. That’s why every energy investor, vendor, and provider needs to attend Connect North American Investment in Digital Infrastructure & AI in Montreal on February 11. With speakers from BluWave-ai, Hydrogen Energy Research Center, Vantage Data Centers, AVAIO Capital, and more, this is the premier gathering for those shaping the future of energy and technology. This event is your gateway to connect directly with industry leaders, discover the latest opportunities, and gain valuable insights into powering next-generation digital infrastructure. Register today at www.connectdigitalai2026.com 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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