Quinbrook Infrastructure Partners’ Gemini solar and storage project was awarded the Asset Performance of the Year in North America, with judges saying it is a marquee asset.

The Gemini Solar + Storage project is located in Clark County, Nevada. The project is now operational, under a 25-year off-take agreement with NV Energy, a subsidiary of Berkshire Hathway Energy. It was co-developed by Arevia Power.

Quinbrook closed financing for the plant in April 2022, raising $1.9 billion in debt and tax equity financing with portfolio company Primergy for the project.

Gemini is the largest co-located solar plus battery energy storage system (BESS) project in the US, delivering clean, affordable power to communities in Las Vegas and beyond.

Gemini is 690MW of solar co-located with 380MW of 4-hour battery storage; this is enough energy to power approximately 10% of Nevada’s peak power demand. 

 The BESS provides 1,400 MWh of clean, reliable power after sundown. 

One judge said: “The sheer size of Project Gemini introduced unprecedented complexity – logistically, managing the off-taker who was unused to a project of this scale, financing arrangements – that is worthy of recognition.”

While another simply put it: “Gemini is viewed to be a marquee asset by industry participants.”

APG acquired 49% ownership of Gemini in October 2022 on behalf of pension fund ABP.  The Quinbrook Valley of Fire Fund acquired the remaining 51% of the Gemini Solar + Storage project from Quinbrook’s Low Carbon Power Fund (LCPF). The Valley of Fire fund closed in April 2024.