About Anbaric Development Partners
ANBARIC DEVELOPMENT PARTNERS
Anbaric Development Partners, a development company formed by Anbaric and Ontario Teachers’ Pension Plan, specializes in developing clean energy infrastructure projects in North America, accelerating the revitalization of aging transmission networks. Through Anbaric, Ontario Teachers’ is committed to funding development costs which are projected to produce $2 billion in fully constructed assets.
Anbaric conceives, incubates, develops, and obtains financing for projects that strengthen the bulk power grid, integrate regional markets, and bring renewable energy to population centers. We focus on the development of innovative projects that fall outside the traditional scope of investor-owned utilities.
Our top priority is to bring the highest value to our customers, investors, and electric power consumers by developing assets that bring affordable, competitively priced electricity to market. Our partners, consultants, and investors share a similar commitment to developing the highest quality projects that meet the latest economic, technical, and environmental challenges of today’s electricity markets.
Anbaric, formed in 2004 and headquartered in Wakefield, Massachusetts, has a track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects. Anbaric is also developing a series of large microgrids, also known as distributed energy systems, or non-transmission alternatives.
The Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan, with CAD$171.4 billion in net assets at December 31, 2015. It holds a diverse global portfolio of assets, 80% of which is managed in-house, and has achieved a long-term average rate of return of 10.3% since inception in 1990. Ontario Teachers’ is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of Ontario province’s 316,000 current and retired teachers.