Quinbrook raises US$3 billion for Net Zero Power Fund

Facebook
Twitter
LinkedIn
Reddit
Email
A Quinbrook project
The NZPF is Quinbrook’s third capital-raising project this year, and takes the total amount raised by its funds to over US$4.3 billion. Image: Quinbrook.

Investment manager Quinbrook Infrastructure Partners has closed financing for its Net Zero Power Fund (NZPF), with US$3 billion of new capital commitments focused on the renewable energy transition.

The NZPF is Quinbrook’s third capital-raising project this year, and takes the total amount raised by its funds to over US$4.3 billion. In the latest round of funding, the company attracted investors from Australia, Canada, Finland, Norway, Sweden, the UK and the US, from a mix of pension funds, sovereign funds and insurers. Capital raised as part of the fund will be used to support renewable energy projects, and is the fifth successive fund raised by Quinbrook that focuses on clean power.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“This successful closing – Quinbrook’s largest to date – is a demonstration of the confidence our investors have in our differentiated investment strategies around project development, asset creation and business platform growth coupled with active asset management,” said Quinbrook co-founder and managing partner David Scaysbrook.

“We seek higher ‘value add’ returns from infrastructure opportunities offered by the energy transition that enable us to secure long term contracted revenues from top tier customers.”

Quinbrook noted that it had already invested over half of the total capital committed to the NZPF across a range of projects, including US solar-plus-storage developer Primergy Solar, which raised US$1.9 billion for its Gemini project two years ago, and the Supernode Storage Project, a 750MW battery energy storage system (BESS) in Australia. This year, the company raised a further US$600 million from US and European investors to support its Valley of Fire fund, which includes the Gemini project.

While Quinbrook has not specified how the remainder of its funds will be invested, it expects to announce its investments within the next 12 months.

The news is the latest positive development for the global solar finance sector, which is seeing record levels of investment this year. In the first half of 2024, debt financing alone reached a record US$12.2 billion, as the falling levelised cost of electricity (LCOE) in the sector, alongside the world’s looming climate change goals, make solar both a financially and environmentally attractive investment.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.
June 24, 2025
Independent power producer (IPP) Recurrent Energy has secured €61.5 million (US$71.4 million) in financing for its Italian renewables portfolio.
June 24, 2025
BluPine Energy has raised INR2,416 million (US$290 million) debt sanctions for its 150MW power project in Aland, Karnataka.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico