Scout Clean Energy

Sector
Energy Supply Solutions
Status
Exited
Year acquired
2017
Year exited
2022
Region
North America
A wind-focused IPP grown from a start-up to 1.2 GW of assets, sold to Brookfield for $1 billion (USD) in 2022.
Quinbrook acquired Scout Clean Energy as a start-up in 2017 for an initial investment of just £6 million (USD), forming a partnership with founder and CEO Michael Rucker to build a vertically integrated, utility-scale wind power platform. Over the following five years, Quinbrook deployed an additional $470 million (USD) in equity from its managed funds, enabling Scout to grow into a fully integrated developer, owner, and operator of renewable energy projects. At the time of its sale in 2022, Scout managed over 1,200 MW of operational wind assets across four US states, including 400 MW on behalf of third parties, and had built a pipeline exceeding 22 GW of wind, solar, and battery storage projects in 24 states. This included 8.6 GW of projects with interconnection queue positions and 2.5 GW in late-stage development – delivering strong commercial outcomes while advancing US decarbonisation goals.