Quinbrook, an investment company focused on the energy transition, has announced the final closing of its second Quinbrook Renewables Impact Fund (QRIF II).
According to Quinbrook’s announcement, the UK-focused Fund raised £587 million in investor commitments, exceeding the investment company’s target of £500 million.
If Quinbrook’s fifth managed fundQRIF II advances the strategy of the investor’s Renewables Impact Fund (QRIF), which closed in 2023.
The motivation behind QRIF II is to support the infrastructure needed to meet the UK’s Clean Power 2030 targets, and Ireland’s target to meet 80% of electricity demand from renewable sources by 2023.
As a UK-focused fund, Quinbrook only marketed QRIF II to institutional investors in the UK and Ireland.
“As Britain and Ireland continue to make meaningful progress towards their energy transition goals, investor demand for infrastructure assets that deliver both resilience and decarbonisation of the economy continues to grow,” said Keith Gains, Managing Director and UK Regional Lead.
“With QRIF II, we have expanded our strategy to areas where we see strong long-term demand and supporting policy frameworks, including network stability infrastructure in Ireland and the decarbonisation of commercial transport in the UK.”
Gains explained that the investments will be reinforced by long-term contracts and key service features, to meet both return targets for investors and support for “decarbonising the whole economy”.
Mark Burrows, managing director, Head of Relationships and Fundraising, Europe, added: “Both the level of investor demand for QRIF II and the pace at which we achieved our fundraising target underline the strong and growing investor demand for high-quality, contracted infrastructure assets and clean energy businesses in the UK and Ireland.”
Quinbrook said in his announcement that several projects in the QRIF II portfolio are already well underway and benefit from long-term inflation-linked contracts.
The mission behind the portfolio is to promote investments in renewables and storage, accelerate the decarbonization of energy and transportation, improve domestic energy security and provide grid support. Such projects include:
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Mallard Pass Solar Project: a 373 MW DC (240 MW AC) solar project in the East Midlands (expected to be operational in 2028).
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Wexford Synchronous Consider Project: a proposed 963 MVA.s. factory in the Republic of Ireland (expected to be operational in 2027).
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Project Norton: A 65MW solar and 41MW BESS in Stockton-on-Tees, currently in late development.
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Aegis Energy: an EV charging company with a UK network of hubs.
Commenting on the strategies behind the investments, Burrows said: “Investors are increasingly focusing on strategies that combine downside protection with meaningful exposure to the energy transition, and we believe Quinbrook’s proven ability to originate, develop and deliver these investments continues to resonate strongly in the market.”
Since July 2026, Quinbrook has invested £1.2 billion of equity in projects and businesses across the UK and Ireland; the total capital investment is £1.7 billion.
The QRIF II portfolio is expected to support 2,300 direct and indirect jobs and avoid more than 25 million tons of CO2emissions during the life of the projects.
Quinbrook’s investments are supported by its specialist delivery partner, Private Energy Partners.
