NZPF’s strategy pursues a defined set of technologies ranging from large scale solar + storage, sustainable infrastructure solutions for hyperscale data center customers, renewable fuels production, synchronous condensers providing direct grid support and contracted battery storage in strategic locations.
The Fund attracted new institutional investors from the US, Canada, Australia, UK, Sweden, Norway, Finland and the EU and comprised a mix of pension, sovereign and insurance institutions along with a number of fund of funds, endowments and family offices.
Notable investments to-date include:
Primergy Solar, a leading US solar + storage developer, owner and operator with an ‘under construction’ and project development pipeline exceeding 12 GW across multiple US states and power markets with long term customers including AWS and Microsoft.
Rowan Digital Infrastructure, a US based developer of sustainable infrastructure solutions for hyperscale data center operators with a portfolio of both contracted and development stage campuses diversified across the US to host next-generation, mission critical, hyperscale data centres.
The Supernode Storage Project, a fully permitted, multi-stage 750 MW Battery Energy Storage System (BESS) located in Australia adjacent to the South Pine Substation – the central node of the Queensland electricity transmission system with Stages 1 and 2 recently contracted long term with Origin Energy, Australia’s largest electricity retailer.
Purpose Energy, a US based developer, owner and operator of biogas processing and renewable fuels supply projects delivering solutions for the growing challenge of food waste solutions for major food manufacturers with several notable Fortune 500 customers.
Project Severn, a UK portfolio of two synchronous condensers located at Sellindge in Kent, England and Cilfynydd in South Wales that are in early stage construction that will provide critical grid stability once operational. Quinbrook was awarded contracts for both projects in Phase III of National Grid’s Stability Pathfinder Programme.
“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, Quinbrook’s Co-Founder and Managing Partner. “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. We have demonstrated a consistent ability to move early into highly prospective sectors whether it be mega scale solar + storage projects, sustainable infrastructure solutions for hyperscale data centers, AI optimisation of battery storage or synchronous condensers for critical grid support where in each case we are staying ‘true to label’ as a specialist infrastructure investor and manager.”
Quinbrook has already invested and committed more than half of total committed capital to date across the existing portfolio and expects to be fully committed within the next 12 months.
NZPF is the third fund closing for Quinbrook this past year representing over $4.3 billion in aggregate commitments secured. This includes the $600 million for the Quinbrook Valley of Fire Fund which held its final close in April 2024 and the oversubscribed £620 million Quinbrook Renewables Impact Fund which held its final close in October 2023.
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