The Fund Manager of the Year in APAC was awarded to Quinbrook Infrastructure Partners with judges lauding it for its interesting and successful projects in Australia.  

Quinbrook is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition in the UK, US and Australia. The management team has collectively invested $5.6 billion of equity capital in 43.3GW of energy infrastructure assets since the early 1990s, representing a total transaction value of $48.3 billion.   

One judge said: “Bringing successful BESS at scale to the Australian market in line with policy changes has the potential to bring about real progress in the energy transition in that region.” 

According to the submission: “Located in Brendale, Queensland, Quinbrook is developing the Supernode Project – a co-located 750 MW Battery Energy Storage System (BESS).  

“The project is expected to host one of the largest battery storage installations in the Australian National Electricity Market, up to 750 MW, staged in 250 MW / 2- to 4- hour MWh tranches. 

 “Market trends such as rising energy prices and volatility, and changes in government policy that occurred throughout 2022 and 2023 have increased the attractiveness of the BESS elements of the Supernode Project compared to the market conditions at the time of initial investment. The current market demand for quality BESS projects in Queensland has accelerated the Supernode BESS development. 

“On April 11th, 2024, Quinbrook announced the financial close and the start of construction for the first stage of the ‘Supernode’ project Supernode executed an offtake agreement for Stage 1 of the project with Origin Energy for a 12-year, 250 MW 2-hour tolling arrangement. This marked a significant milestone for the project as it secured a revenue source with attractive financial returns from Australia’s largest energy retailer. On July 11th, 2024, Quinbrook announced an expansion of its partnership with Origin Energy for Stage 2 of the ‘Supernode’ project.” 

According to IJInvestor data Quinbrook has reached final close on 5 funds: 

• Quinbrook Net Zero Power Fund
• Quinbrook Renewables Impact Fund I
• Quinbrook Low Carbon Power Fund
• Quinbrook Valley of Fire Fund 
• Cape Byron Infrastructure Fund 

The fund manager is also raising funds for Quinbrook Renewables Impact Fund II.