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)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)
The PIF4 project includes Haden (1 GW) and Al Khushaybi (1.6 GW) solar power plants in Saudi Arabia. (Image Source: Sineng Electric)
The latest 5.34 MW solar installation brings Kohat Cement’s total on-site solar capacity to 15.34 MW, reducing its reliance on the national grid. (Image Credit/Source: Kindel Media/Pexels)