Quinbrook raises $3bn for green energy investment spree

Australia-based Quinbrook Infrastructure Partners has raised $3bn in new capital commitments – its largest fund closing to date – for energy transition investments including contracted battery storage, electric grids, large solar hybrid projects, and renewable fuels.

Quinbrook said its Net Zero Power Fund attracted new institutional investors from Australia, Canada, the EU, Finland, Norway, Sweden, and the US. These included a mix of insurance, pension, and sovereign institutions, along with endowments and family offices.

“We seek higher ‘value add’ returns from infrastructure opportunities offered by the energy transition that enable us to secure long term contracted revenues from top tier customers,” said Managing Partner David Scaysbrook.

He asserted that Quinbrook has shown a “consistent ability to move early into highly prospective sectors” such as artificial intelligence optimisation of battery storage, large utility solar hybrid projects, and synchronous condensers for critical grid support.

“In each case, we are staying ‘true to label’ as a specialist infrastructure investor and manager,” he said.

Quinbrook has now closed three funds during the past year taking total capital raised to more than $4.3bn in secured commitments for energy transition investments.

Among Quinbrook’s notable investments to date are portfolio company Primergy, a leading US solar hybrid developer, owner, and operator based in Oakland, and the Supernode Storage Project in Queensland, Australia, a 750MW BESS.

It also invested in Denver-based Rowan Digital Infrastructure, a provider of critical and sustainable campus infrastructure for hyper-scale data centre operators. This includes ensuring access to renewable energy to support 100% of data centre operations on Rowan controlled sites.