Quinbrook Infrastructure Partners, a specialist global investment manager that is focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the United States, the United Kingdom and Australia, has closed its Low Carbon Power Fund, raising a total of more than $1.6 billion in investor commitments to the strategy.
With the fund, the firm will seek to deliver both ongoing cash yield and absolute gains from the creation of new low carbon energy infrastructure assets and the remediation of impaired or undervalued energy assets and businesses.
Quinbrook’s focus on new asset creation through development, construction and long-term operation of lower carbon energy infrastructure affords significant and measurable community and societal benefits encompassing job creation and preservation, carbon emissions reduction, improved governance and transparency, safer working conditions and direct financial support of local communities.
The fund’s institutional investors include primarily pension funds and insurance institutions from the United States, the United Kingdom and Australia.
Quinbrook has made seven portfolio investments to date spanning utility scale onshore wind and solar PV, battery storage, gas peaking and reserve capacity as well as “smart grids” and embedded networks. Notable investments so far include: Scout Clean Energy in the United States, which is currently constructing the 300-megawatt Ranchero wind farm in Texas, managing the 200-megawatt Persimmon Creek operating wind farm in Oklahoma and is developing a pipeline of over 2 gigawatts of wind projects across the United States; the 690 megawatt Gemini solar PV development project in Nevada; Glidepath Power Solutions, which holds the 244-megawatt Huntsman operational wind portfolio as well as a 1-gigawatt development pipeline of solar PV and battery storage projects across the United States; and the c. 200-megawatt Reserve Power peaking portfolio in the United Kingdom.
