- Quinbrook raises $3 billion in capital commitments for Net Zero Power Fund (NZPF).
- The latest closing marks Quinbrook’s third fund closure this year, totaling over $4.3 billion in capital raised.
- Investments span sectors like solar+storage, data center infrastructure, and renewable fuels.
Quinbrook Infrastructure Partners, a global investment manager specializing in energy transition infrastructure, has closed its Net Zero Power Fund (NZPF) with $3 billion in capital commitments. This fund is Quinbrook’s fifth energy transition-focused initiative, attracting institutional investors from around the globe.
“This successful closing – Quinbrook’s largest to date – is a demonstration of the confidence our investors have in our differentiated investment strategies around project development, asset creation, and business platform growth coupled with active asset management,” said David Scaysbrook, Co-founder and Managing Partner, Quinbrook Infrastructure Partners.
Fund Strategy and Investments:
NZPF focuses on large-scale solar+storage, sustainable infrastructure for data centers, renewable fuels production, and critical grid support. Notable investments include:
- Primergy Solar: A US solar+storage developer with over 12GW in project pipeline, servicing clients like Microsoft.
- Rowan Digital Infrastructure: Developer of sustainable infrastructure for hyperscale data centers across the US.
- The Supernode Storage Project: A 750MW Battery Energy Storage System in Australia, contracted with Origin Energy.
- Purpose Energy: Developer of biogas processing projects addressing food waste for major food manufacturers.
- Project Severn: UK-based synchronous condensers providing grid stability, under construction in Kent and South Wales.
Related Article: GRESB Launches Transition Analytics to Aid Asset Managers in Managing Transition Risks and Achieving Net Zero Targets
“The Net Zero Power Fund follows our successful Low Carbon Power Fund and Renewables Impact Fund,” added Rory Quinlan, Co-Founder and Managing Partner, Quinbrook. “This latest closing is a testament to our exceptional team who have worked tirelessly to execute and deliver real results for our LPs from differentiated and impactful offerings driving the energy transition forward.“
Quinbrook has committed more than half of the capital raised to date and expects full commitment within 12 months. The NZPF closing complements Quinbrook’s Valley of Fire Fund and Renewables Impact Fund, bringing total commitments for the year to over $4.3 billion.
