Global investment firm Quinbrook Infrastructure Partners has completed the final closing of its Net Zero Power Fund (NZPF), securing USD 3 billion (EUR 2.77 billion) in new capital commitments.
The latest round of funding was contributed by a diverse group of investors, including pension funds, sovereign wealth funds, insurance institutions, funds of funds, endowments, and family offices from the US, Canada, Australia, the UK, Sweden, Norway, Finland, and the EU, Quinbrook announced on Thursday.
This closing represents the third fund completion for Quinbrook in the past year, bringing the firm's total capital raised to over USD 4.3 billion. It follows the earlier successful fundraisers for the Quinbrook Valley of Fire Fund and the UK-focused Quinbrook Renewables Impact Fund, which were completed earlier this year and in October 2023, respectively.
The NZPF focuses on investing in projects related to large-scale solar and storage, sustainable data centre infrastructure, renewable fuels, synchronous condensers, and contracted battery storage in strategically significant locations. Key investments under this fund include the US-based solar-plus-storage platform Primergy Solar, the Supernode battery storage project in Australia, and a UK portfolio of synchronous condensers known as Project Seven.
David Scaysbrook, Co-Founder and Managing Partner of Quinbrook, commented on the firm's strategy, “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.”
