Quinbrook Infrastructure Partners is delighted to announce the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors. The Fund is a continuation of the large scale solar+storage strategy of Quinbrook’s Low Carbon Power Fund which held its final closing in 2019. The Quinbrook Valley of Fire Fund has acquired 51% of the Gemini Solar + Storage project and 100% of the remaining Valley of Fire project development portfolio from the Low Carbon Power Fund and certain other equity holders. This successful closing underscores Quinbrook’s commitment to impactful renewable energy project development and new asset creation and its track record of pursuing strategies that seek to optimize returns for investors wanting differentiated exposure to the energy transition. Quinbrook is excited to welcome such well known and respected investors to Quinbrook, including lead investor Blackstone Strategic Partners and cornerstone investor Ares Management Infrastructure Secondaries funds. Read more: https://lnkd.in/eXRc7-cG Primergy Solar #infrastructure #energytransition
Congratulations!
Well done, Brian Chase!