Anza completes separation from Borrego and receives new investment 

Technology-enabled procurement marketplace Anza Renewables has announced it has completed its separation from O&M provider Borrego so that it can continue expanding its platform offerings to developers, independent power producers, utilities, and EPCs.
Anza completes separation from Borrego and receives new investment 

Anza is a procurement marketplace that connects solar and energy storage equipment suppliers with buyers to simplify, accelerate, and optimise the renewable development procurement process. It was formally launched in September 2022 and operates a technology-enabled procurement marketplace powered by a proprietary engine of technical and financial data from a large pool of pre-vetted top-tier equipment suppliers. The platform was built to utilise the Anza team’s decades of experience developing, constructing, and maintaining renewable projects.

Anza’s platform simplifies solar module and energy storage procurement, enabling developers, independent power producers, utilities, and EPCs to evaluate equipment based on total lifetime value rather than only upfront dollars-per-watt cost to make informed, value-based decisions that increase project margins.

Buyers can utilise the platform to efficiently transact on this information and minimise lead time by using the company's relationships with top suppliers and attractive, pre-negotiated contracts. These factors have led customers to trust Anza, with 1.9 GW of module sales to date and expected growth of 100 percent year-over-year.

An Energy Capital Partners led consortium of investors that included ECP’s–Energy Transition Opportunities Fund, Angeleno Group, and other investors provided funding to the company. Terms of the transaction were not disclosed. 

“Anza offers buyers a new way, a better way, to procure equipment” said Mike Hall, Chief Executive Officer at Anza. “The status quo of solar and storage procurement is incredibly inefficient. Buyers and sellers waste tremendous time finding the right match and chasing down unstructured data. Buyers are forced to largely shop based on price, as they don’t have the tools to assess total value and risk easily. We believe Anza can increase the financial return and reduce the lead time for any solar or storage project by revolutionising the major material procurement process – helping to accelerate the adoption of renewable energy.”

With funding from ECP and other investors, Anza will continue to expand its platform offerings to include more features, further reducing the friction in current solar and storage procurement processes. To date, Anza’s proprietary technology has enabled solar project developers and owners like Ormat, Standard Solar, and Renewable Properties to achieve excellent and efficient procurement results.

“As a leading investor in renewables, we frequently see the challenges developers, IPPs, and EPCs face in procuring major materials for their projects” added Andrew Gilbert, partner at ECP. “We believe Anza’s technology, experience, and strategy can materially improve procurement outcomes for both distributed generation and utility-scale buyers. We look forward to continuing Anza’s considerable commercial momentum and supporting the talented Anza management team as they work to transform the solar and storage equipment procurement market.”

Anza will continue to be led by former members of Borrego’s leadership team, including Mike Hall (CEO), Aaron Hall (President), Malini Balakrishnan (CTO) and John duPont (EVP of Business Development & Strategy).

For additional information:

Anza Renewables

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