Quinbrook's Net Zero Power Fund gets USD-3bn boost from investors

Global investment firm Quinbrook Infrastructure Partners has raised USD 3 billion (EUR 2.77bn) in new capital commitments for its Net Zero Power Fund (NZPF), completing its final closing.

The new investors are a mix of pension, sovereign and insurance institutions, funds of funds, endowments and family offices coming from the US, Canada, Australia, UK, Sweden, Norway, Finland and the EU, Quinbrook said on Thursday.

This is the third fund closing for the energy transition infrastructure investor in the past year, bringing its total capital raised to over USD 4.3 million. It follows the multi-million-dollar and British pound fundraisers held for the Quinbrook Valley of Fire Fund earlier this year and the UK-focused Quinbrook Renewables Impact Fund in October 2023.

NZPF invests in projects such as large-scale solar and storage, sustainable data centre infrastructure, renewable fuels, synchronous condensers and contracted battery storage in strategic locations.

Some of the investments across these themes include US-based solar-plus-storage platform Primergy Solar, the Supernode battery storage project in Australia, and a UK portfolio of synchronous condensers called Project Seven.

“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,” David Scaysbrook, Quinbrook’s Co-Founder and Managing Partner, said of the firm’s investment strategy.

(USD 1.0 = EUR 0.924)

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