I Squared Capital,  global infrastructure investment manager, has announced the launch of Radiant Energy Solutions under its Middle East infrastructure strategy. Radiant has created through the acquisition of FAS Renewables and its wholly owned subsidiary Zahra Energy. The acquired platform has a secured and portfolio of more than 100 MW of distributed solar projects with long-term power purchase agreements, including contracts with Cenomi Centers. I Squared committed $150 million to support Radiant’s growth and stated an ambition to deliver more than 1 GW of behind-the-meter renewable energy and storage capacity across the Gulf Cooperation Council. Radiant operates with a local management team and adds to I Squared’s global renewable portfolio exceeding 10,000 MW. The launch builds on I Squared’s presence in Abu Dhabi, a planned office in Riyadh, and memorandums of understanding signed in 2025 with The Arab Energy Fund and Public Investment Fund.