Specialist international funding supervisor Quinbrook Infrastructure Companions has introduced it has raised $3bn for its newest clear energy-focused fund, offering a serious increase for infrastructure investments in assist of the worldwide vitality transition.
Quinbrook introduced the ultimate shut of its Internet Zero Energy Fund (NZPF) yesterday, confirming it had attracted new institutional traders from the US, Canada, Australia, UK, Sweden, Norway, Finland and the EU, comprising a mixture of pension, sovereign, and insurance coverage funds, together with quite a lot of endowments and household workplaces.
The Fund’s funding technique features a outlined set of thematics starting from giant scale photo voltaic and storage initiatives, sustainable infrastructure options for hyperscale information centre clients, renewable fuels manufacturing, synchronous condensers offering direct grid assist, and contracted battery storage in strategic places, Quinbrook mentioned.
“This profitable closing – Quinbrook’s largest thus far – is an indication of the arrogance our traders have in our differentiated funding methods round undertaking growth, asset creation and enterprise platform development coupled with energetic asset administration,” mentioned David Scaysbrook, Quinbrook’s co-founder and managing companion.
“We search larger ‘worth add’ returns from infrastructure alternatives supplied by the vitality transition that allow us to safe long run contracted revenues from high tier clients.”
Notable investments in Quinbrook’s portfolio thus far embrace Primergy Photo voltaic, a US photo voltaic and storage developer, proprietor and operator with a growth pipeline exceeding 12GW throughout a number of US states and energy markets and long run clients equivalent to AWS and Microsoft.
It has additionally invested in UK portfolio Undertaking Severn comprising two synchronous condensers situated at Sellindge in Kent, England and Cilfynydd in South Wales which are in early stage building that the funding supervisor mentioned will present vital grid stability as soon as operational. Quinbrook was awarded contracts for each initiatives in Part III of Nationwide Grid’s Stability Pathfinder Program.
“The Internet Zero Energy Fund follows our profitable Low Carbon Energy Fund and Renewables Influence Fund, which enabled us to develop, construct and function a few of the largest and award-winning renewable vitality, battery storage and grid assist initiatives within the US, UK and Australia,” mentioned Rory Quinlan, Quinbrook’s co-founder and managing companion.
“We’re grateful for the assist we have obtained from our present traders and welcome many new traders to Quinbrook from all around the world. This newest closing is a testomony to our distinctive workforce who’ve labored tirelessly to execute and ship actual outcomes for our LPs from differentiated and impactful choices driving the vitality transition ahead.”
Quinbrook mentioned it has already invested and dedicated greater than half of whole dedicated capital thus far throughout its present portfolio, and expects to be totally dedicated throughout the subsequent 12 months.
NZPF is the third fund closing for Quinbrook this previous yr and represents greater than $4.3bn in combination commitments secured. This contains the $600m for the Quinbrook Valley of Hearth Fund which held its ultimate shut in April 2024, and the £620m Quinbrook Renewables Influence Fund which closed in October 2023.
Now you can signal as much as attend the fifth annual Internet Zero Competition, which shall be hosted by BusinessGreen on October 22-23 on the Enterprise Design Centre in London.
