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<\/a><\/a>\nQRIF II is Quinbrook\u2019s fifth managed fund and builds on the strategy of its inaugural Renewables Impact Fund (\u201cQRIF\u201d), which closed in 2023<\/a>. The Fund focuses on delivering the infrastructure required to support the UK\u2019s Clean Power 2030 targets and Ireland\u2019s target of meeting 80% of electricity demand from renewable sources by 2030. QRIF II was marketed exclusively to institutional investors in the UK and Ireland and saw a strong re-up rate from QRIF investors.<\/p> \n\u201cAs 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,\u201d said Keith Gains, Managing Director and UK Regional Lead. \u201cWith QRIF II, 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.\u201d<\/p> \nThe QRIF II portfolio is already well advanced and features long-term, inflation-linked contracts. It advances new investment in renewable energy and storage that will accelerate decarbonisation of the power and transport system, improve security of domestic energy supplies, and provide critical grid support. These investments are supported by Quinbrook\u2019s dedicated delivery partner, Private Energy Partners, which provides specialised development and construction management and technical services across the fund\u2019s projects. Notable investments within QRIF II\u2019s portfolio include:<\/p> \n\u201cBoth the level of investor demand for QRIF II and the pace at which we reached our fundraising target underscore the strong and growing investor demand for high-quality, contracted clean energy infrastructure assets and businesses in the UK and Ireland. Investors are increasingly focused on strategies that combine downside protection with meaningful exposure to the energy transition, and we believe Quinbrook\u2019s proven ability to originate, develop and deliver these investments continues to resonate strongly in the market,\u201d said Mark Burrows, Managing Director, Head of Relationships and Fundraising, Europe. \u201cWe are grateful for the support of our existing and new investors in QRIF II.\u201d<\/p> \nTo date, Quinbrook has invested GBP 1.2 billion of equity capital in projects and businesses operating in the UK and Ireland, with total capital investment of GBP 1.7 billion. The investments in the QRIF II portfolio are expected to further advance Quinbrook\u2019s sustainability efforts in the UK and Ireland, support 2,300 indirect and direct jobs and avoid more than 25 million tonnes of CO2<\/sub> emissions over the projected lifetime of the Fund\u2019s investments. As just one example, Quinbrook is targeting 71% biodiversity net gain for its Nationally Significant Infrastructure solar project, Mallard Pass.<\/p> \nAbout Quinbrook\n\n