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Infrastructure  + Alternative Assets  + Real Assets  |  January 28, 2026
I Squared Capital Launches Radiant Energy Solutions in Middle East Renewables Push 
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 for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.