New York, NY – March 17, 2023– Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, today announced that 2022 was a capstone year for the firm, with Quinbrook being named “Global Sponsor of the Year” by the Project Finance International (PFI) Awards 2022 and its Gemini project being awarded “North America’s Energy Deal of the Year” by the Infrastructure Investor Awards 2022 and “Renewable Energy Solar & Storage Deal of the Year for North America” by the IJGlobal Americas Awards 2022.
We are proud to be recognized by our industry peers and institutional investors around the world for the work Quinbrook accomplished in 2022 – particularly in regard to Project Gemini. We are committed to leading the industry by bringing the most innovative and effective technology and financing solutions to bear as we build large-scale clean energy assets and march toward our Net Zero goals. I am appreciative of the team’s hard work to get us to this day.David Scaysbrook
Co-founder and Managing Partner
Quinbrook’s Monumental Project Gemini Receives Multiple Awards
Infrastructure Investor and IJGlobal both recognized Quinbrook for its October 2022 sale of a 49 percent minority stake in its US$1.2 billion Gemini Solar + Storage project to APG, the largest pension asset manager in the Netherlands, on behalf of its pension fund client ABP.
Located just outside of Las Vegas, Nevada, Gemini is currently the largest solar and storage project under construction in the US. With 690 MWac of solar plus a 1,416 MWh battery storage facility, Gemini is expected to generate enough clean energy to power more than 400,000 homes during peak periods and displace 1.5 million metric tons of CO2 annually once it’s complete and operational later this year.
The annual Infrastructure Investor and IJGlobal Awards both focus on highlighting excellence in the infrastructure arena. The recognition from Infrastructure Investor is a culmination of a broad-based voting process among industry participants, including peers and institutional investors, while IJGlobal Awards are voted on by an independent panel of judges.
Project Finance International (PFI) Awards 2022 – Sponsor of the Year
Project Finance International named Quinbrook its 2022 Global Sponsor of the Year for its involvement in some of the largest developments in its focus area across three key markets: the US, the UK and Australia.
Quinbrook’s recognition comes on the heels of landmark transactions by the company in 2022, including the sale of a minority equity stake in Quinbrook’s US$1.2 billion Gemini Solar + Storage project to APG; the c. US$1 billion sale of its portfolio company, Scout Clean Energy, to Brookfield Renewable; the launch of the US$2.5bn ‘Supernode’ data storage project in Brisbane, one of the largest permit-approved data storage campus projects in the Southern Hemisphere to be powered by renewables and battery storage; and its project debt financing to back its four synchronous condenser projects in Scotland totaling £220m.
Quinbrook Infrastructure Partners (http://www.quinbrook.com) is focused exclusively on the infrastructure needed to drive the energy transition in the UK, US, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c.USD 8.2 billion equity in energy infrastructure assets since the early 1990s, representing a total enterprise value of c.USD 28.7 billion or 19.5 GW of power supply capacity. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the UK, US, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects ever undertaken in the UK, US, and Australia.
“Global Sponsor of the Year” awarded to Quinbrook by the Project Finance International (PFI) Awards 2022 in December 2022. Quinbrook is not a paid subscriber of PFI. Condition of eligibility did not include any membership, subscription, or payment. The Project Finance International (PFI) Awards are based on nominations by market participants, including Quinbrook, and assessed by a panel of independent experts. The award is not indicative of future performance. Quinbrook was the only firm designated as “Global Sponsor of the Year” for 2022.
“North America’s Energy Deal of the Year” awarded by the Infrastructure Investor Awards 2022 in March 2023. While Quinbrook is a paid subscriber to Infrastructure Investor, award nominees do not have to be subscribers or make any payments as a condition of eligibility. The award is not indicative of future performance. The Infrastructure Investor Awards are made based on nominations by market participants, including Quinbrook, assessed by the outlet’s editorial team to shortlist nominees for each category and voted on by the readers of this publication. Gemini was the only project designated as winner of “Energy Deal of the Year, North America” for 2022 among a group of 4 shortlisted finalists.
“Renewable Energy Solar & Storage Deal of the Year for North America” awarded by the IJGlobal Americas Awards 2022 in March 2023. The awards are based on nominations by market participants, including Quinbrook, and assessed by IJGlobal’s editorial team. Condition of eligibility did not include any membership, subscription, or payment. The award is not indicative of future performance. Gemini was the only project designated as “Renewable Energy Solar & Storage Deal of the Year for North America” amongst over 1000 submissions.