Quinbrook raises £587m for Renewables Impact Fund
Specialist investment manager Quinbrook has announced the final close of its second UK-focused Quinbrook Renewables Impact Fund, in which it raised £587m – exceeding its £500m target.
The fund is Quinbrook’s fifth managed fund and builds on the strategy of its inaugural Renewables Impact Fund, which closed in 2023. The fund focuses on delivering the infrastructure required to support the UK’s Clean Power 2030 targets and Ireland’s target of meeting 80% of electricity demand from renewable sources by 2030.
The fund was marketed exclusively to institutional investors in the UK and Ireland.
“As the UK and Ireland continue to make meaningful progress towards their energy transition goals, investor demand for infrastructure assets that deliver both resilience and decarbonisation continues to grow,” said Keith Gains, managing director at Quinbrook.
“With [the fund], we have expanded our strategy into areas where we see strong long-term demand and supportive policy frameworks, including grid stability infrastructure in Ireland and the decarbonisation of commercial transport in the UK.
“These investments are underpinned by long-term contracts and essential-service characteristics, which we believe are critical to delivering stable investor returns while supporting economy-wide decarbonisation.”
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