Quinbrook Infrastructure Partners has successfully closed the Quinbrook Valley of Fire Fund, securing $600 million from leading US and European institutional investors. The fund has acquired a 51% stake in the Gemini Solar + Storage project and full ownership of the Valley of Fire development portfolio. Gemini, located near Las Vegas, Nevada, is now one of the largest operational solar + storage projects in the US, boasting 690 MW of solar capacity and a 1,416 MWh battery storage facility. The Valley of Fire portfolio includes seven projects totaling over 2.65 GW of solar PV capacity and the potential for an additional 1.5 GW of battery storage across Nevada, Colorado, and Arizona. Quinbrook’s portfolio company, Primergy Solar, oversees the development, including the Purple Sage Energy Center, a 400 MW solar and 1.6 GWh battery energy storage project in Nevada.
Quinbrook closes $600M funding for solar projects
Quinbrook has picked up a 51% stake in the Gemini Solar + Storage project. (Image Credit: Quinbrook Infrastructure Partners)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)