Elvinger Hoss Prussen represented Quinbrook as to matters of Luxembourg law in launching and successfully completing the fundraising of its fifth fund specialized in infrastructure, Quinbrook Infrastructure Net Zero Power Fund SCSp (and its co-investment vehicle), the Luxembourg parallel fund of Quinbrook Infrastructure Partners III-A - Net Zero Power Fund LP, Quinbrook Infrastructure Partners III-B - Net Zero Power Fund LP and Quinbrook Infrastructure Partners III-C - Net Zero Power Fund LP, each Delaware partnerships (collectively, the “Fund”).
The Fund exceeded its investment target by raising USD 3 billion in capital commitments. The Fund’s strategy exploits the exponential demand for new renewable energy infrastructure assets. It targets sustainable investments in accordance with Article 9 of SFDR that seek to support decarbonisation in the transition to Net Zero, regularly assessing climate impacts, metrics and risks and will invest in the next generation of renewable energy sectors; solar PV, battery storage, renewable power, energy efficiency or lower carbon fuel supply including solutions for power-to-X applications, and grid and technology solutions that support decarbonization over-time.
Capital raised as part of the Fund will be used to support renewable energy projects. Some of the deals of the Fund include the acquisition of PurposeEnergy, an established US-based renewable fuels and biogas specialist, focused on waste solutions for the food and beverage industries, the Supernode Storage Project, a 750MW battery energy storage system (BESS) in Australia, a US based developer of sustainable infrastructure solutions for hyperscale data centre operators with a portfolio of both contracted and development stage campuses diversified across the US to host next-generation, mission critical, hyperscale data centres.
The team was led by Partner Thibaut Partsch alongside Senior Associate Loren Jolly and Associate Roberto Diaz.
