Grid & Transmission
High-voltage transmission infrastructure and grid modernization projects. — targeting a net IRR of 13–18% across contracted, operator-led energy assets.
Investment thesis
Fund 3 invests in high-voltage transmission infrastructure and grid modernization projects that carry power from where it is generated to where it is needed. We favor projects with executed interconnection agreements, cost-recovery mechanisms or regulated rate bases, and creditworthy counterparties. These are the toll roads of the electron economy — monopoly-like, long-lived, and structurally scarce given multi-year interconnection queues nationwide.
Target asset types
- High-voltage AC and HVDC transmission lines
- Regional interties and cross-border interconnections
- Substation and grid modernization projects
- Interconnection-secured transmission with cost-of-service recovery
Panhandle HVDC Intertie
A 500-mile, 3,000 MW HVDC transmission line connecting West Texas wind resources to Gulf Coast load centers, with capacity contracted to multiple investment-grade offtakers and interconnection agreements executed at both ends.
Representative, illustrative profile of the asset type this fund targets. Not an offer, commitment, or existing holding.
Vehicle summary
We size each fund to the durability of its cash flows, not the appetite of the moment. Concentration follows conviction, and conviction follows underwriting.Alzaro Energy Investment Committee
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For fund materials, capital account information, and partnership inquiries, reach Alzaro Energy directly.
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