Quinbrook Infrastructure Partners has announced the successful closing of its Low Carbon Power Fund, raising a total of over US$1.6 billion in investor commitments to the strategy.

Quinbrook has made seven portfolio investments to date spanning utility scale onshore wind and solar PV, battery storage, gas peaking and reserve capacity as well as ‘smart grids’ and embedded networks.

Notable investments so far include: Scout Clean Energy in the US, which is currently constructing the 300 MW Ranchero wind farm in Texas, managing the 200 MW Persimmon Creek operating wind farm in Oklahoma and is developing a pipeline of over 2GW of wind projects across the US; the 690 MW Gemini solar PV development project in Nevada; Glidepath Power Solutions, which holds the 244 MW Huntsman operational wind portfolio as well as a 1 GW development pipeline of solar PV and battery storage projects across the US; and the c. 200 MW Reserve Power peaking portfolio in the UK.

The Fund’s institutional investors include primarily pension funds and insurance institutions from the US, UK and Australia.

O’Melveny in London and Carey Olsen in Jersey acted as fund counsel to Quinbrook and First Avenue acted as exclusive placement agent.