Anbaric Development Partners Announces Soam Goel Joins as Partner

WAKEFIELD, Mass.–(BUSINESS WIRE)–Anbaric Development Partners, an Ontario Teachers’ Pension Plan (OTPP)
platform company, announced today that Soam Goel has joined the company
as a Partner leading Special Situations.

In his role at Anbaric Development Partners, Soam will pursue
investments in transmission and microgrid infrastructure projects
currently under development, campus energy infrastructure, and existing
energy infrastructure that can be transformed through significant
capital investments.

“We are excited to welcome Soam to our team to help develop clean energy
infrastructure projects in North America,” said Ed Krapels, CEO of
Anbaric Development Partners. “He brings extensive experience, a proven
track record, and a shared commitment to setting a new model for
investment in clean energy.”

Soam has a unique background in the power infrastructure that combines
his experience with utilities, private equity, and hedge funds as a
consultant and as a developer. Prior to Anbaric Development Partners, he
was the Chief Commercial Officer of Power Network New Mexico, a wholly
owned subsidiary of Goldman Sachs Global Infrastructure Fund (GSIP),
where he was responsible for the overall profitability, regulatory
filings, customers and markets, and the commercial success of the
project. In 2004, he founded Enersights to provide strategic advice to
senior executives of utility companies and financial participants. Prior
to that, he spent 10 years with PA Consulting and its predecessor firms,
where he co-headed the energy M&A practice.

“The team at Anbaric Development Partners has a deep understanding of
power infrastructure and is a team of thinkers and doers,” said Soam.
“Anbaric Development Partners has a strong culture of undertaking
leading edge initiatives while firmly grounding them in sophisticated
risk management principles. The power industry is undergoing tectonic
shifts and is in dire need of new ideas, approaches, and patient
permanent investment capital. Anbaric Development Partners, with the
innovative capital commitment by OTPP, is uniquely positioned to address
these significant infrastructure needs.”

For more information on Anbaric Development Partners, please visit www.anbaricdevelopmentpartners.com.

About Anbaric Development Partners:
Anbaric is headquartered
in Wakefield, Massachusetts, and 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.

About Ontario Teachers’ Pension Plan:
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. For
more information, please visit www.otpp.com.

Contacts

Northwind Strategies
Kate Lagreca
[email protected]