Quinbrook’s $600 million acquires 51% of 2.65 GW solar plus storage

---

successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors

acquires 51% stake in landmark Gemini Solar+Storage Project and Valley of Fire development portfolio

690 MWac of solar + a 1,416 MWh battery storage facility, Gemini

Valley of Fire portfolio is made up of seven projects totaling over 2.65GW of solar PV capacity with the potential to add a further 1.5GW of battery storage capacity

PJT Partners LP acted as the lead financial advisor on the transaction. Kirkland & Ellis LLP served as legal counsel to Quinbrook, while Proskauer Rose LLP served as legal counsel to Blackstone Strategic Partners.

The lead investor in the Quinbrook Valley of Fire Fund is Blackstone Strategic Partners.

cornerstone investor Ares Management Infrastructure Secondaries funds

Link