Quinbrook's $600m Fund Fuels US Solar Revolution

• Quinbrook Infrastructure Partners launches $600 million fund for solar-plus-storage projects in the US, with Gemini plant already operational and more projects in the pipeline.

Quinbrook Infrastructure Partners has closed a USD 600 million fund, the Quinbrook Valley of Fire Fund, to support the development and construction of solar-plus-storage projects in the United States. The fund is a continuation of Quinbrook's Low Carbon Power Fund strategy, focusing on large-scale solar and storage projects. The money raised was used to acquire a majority stake in the Gemini solar-plus-storage plant complex near Las Vegas and the remaining Valley of Fire development portfolio.

Gemini, with 690 MWac of solar and a 1,416 MWh battery storage system, is already operational. The VoF portfolio includes seven projects with over 2.65 GW of solar capacity and the potential for 1.5 GW of battery storage, located in Nevada, Colorado, and Arizona. Quinbrook's portfolio company, Primergy Solar, is managing the development of these projects.

Blackstone Strategic Partners is the lead investor in the new fund, with Dutch pension asset manager APG holding a 49% stake in the Gemini scheme. Quinbrook aims to continue investing in solar and storage projects, providing investors with a platform for further development in the sector.

What is the focus of Quinbrook's new USD 600 million fund?

• The focus of Quinbrook's new USD 600 million fund, the Quinbrook Valley of Fire Fund, is to support the development and construction of solar-plus-storage projects in the United States.
• The fund is a continuation of Quinbrook's Low Carbon Power Fund strategy, with a specific focus on large-scale solar and storage projects.
• The money raised from the fund was used to acquire a majority stake in the Gemini solar-plus-storage plant complex near Las Vegas and the remaining Valley of Fire development portfolio.
• The Gemini plant complex consists of 690 MWac of solar capacity and a 1,416 MWh battery storage system, which is already operational.
• The Valley of Fire development portfolio includes seven projects with over 2.65 GW of solar capacity and the potential for 1.5 GW of battery storage, located in Nevada, Colorado, and Arizona.
• Quinbrook's portfolio company, Primergy Solar, is managing the development of these projects.
• Blackstone Strategic Partners is the lead investor in the new fund, with Dutch pension asset manager APG holding a 49% stake in the Gemini scheme.
• Quinbrook aims to continue investing in solar and storage projects, providing investors with a platform for further development in the sector.