About Anbaric Development Partners
ANBARIC DEVELOPMENT PARTNERS
Anbaric Development Partners, a Boston-based development company formed by Anbaric and Ontario Teachers’ Pension Plan, specializes in early stage development of large-scale electric transmission systems (especially controllable DC lines) and small, medium and large scale microgrid projects. Through Anbaric Development Partners, Ontario Teachers’ Pension Plan is committed to funding development costs which are projected to produce $2 billion in fully constructed assets.
Anbaric Development Partners conceives, incubates, develops, and obtains financing for projects that strengthen the bulk power grid, integrate regional markets, and bring renewable energy to population centers. 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.
We focus on the development of innovative projects that fall outside the traditional scope of investor-owned utilities. 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 $180.5 billion in net assets as of June 2017. 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.
Anbaric conceives, incubates, designs, and develops transmission projects in the US and around the world. Anbaric® projects typically integrate markets between states, regions, or nations; alleviate congestion on the bulk power grid; and deliver renewable energy, especially wind, to population centers. Anbaric® projects expand and improve electricity markets and increase the reliability and flexibility of the grid. Anbaric customers include governmental entities engaged in the electricity business, investor-owned utilities, large public power generators or users, state governments, and others committed to robust, competitive power markets.
In the Anbaric® incubation process, we work with stakeholders to identify potential projects that provide long-term economic, electricity, and environmental value under a range of engineering, system planning, and macro-economic scenarios. We then subject such projects to rigorous fatal-flaw and feasibility scrutiny, and examine the project’s environmental attributes, community impacts and its broader political and economic profile. We reject projects that don’t meet our standards.
For projects meeting our standards, the Anbaric® development process continues until we secure construction financing. We consult with power industry businesses to identify customers for the project; governmental officials to make certain that it is consistent with larger policy objectives; regulators to secure the necessary approvals; environmental, community, and business groups to understand their views and gain their support; equipment vendors to prepare them for expected orders; and debt and equity investors to prepare them for the anticipated investment opportunity. A typical Anbaric® project begins to transmit electricity within 24-36 months from the start of construction.