Quinbrook fund pockets USD 1.6bn for US wind, solar

Investment manager Quinbrook Infrastructure Partners has secured USD 1.6 billion (EUR 1.4bn) in investor commitments in a fund raising round aimed at supporting mainly wind and solar projects in the US.

The commitments were received through Quinbrook’s Low Carbon Power Fund, which has been successfully closed, the investment manager said on Wednesday. They were made mainly by pension funds and insurance institutions from the US, the UK and Australia and were also supported by previous and new institutional investors.

Quinbrook has already made seven portfolio investments including onshore wind, solar and battery storage, as well as gas peaking and reserve capacity and smart grids. Among those is Scout Energy, which is building the 300-MW Ranchero wind farm in Texas, managing the 200-MW Persimmon Creek wind park in Oklahoma and developing a wind pipeline of over 2,000 MW in the US. The fund has also invested in the 690-MW Gemini solar plant in Nevada and in Glidepath Power Solutions, which operates the 244-MW Huntsman wind portfolio and has a 1,000-MW pipeline of solar and battery storage projects in the US.

"Our collective objective is and will always remain focused on using our expertise to deliver the investment returns sought by our clients and to manage their assets in a responsible manner," said Rory Quinlan, co-founder and managing partner of Quinbrook.

(USD 1.0 = EUR 0.884)

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