Kirkland Counsels Quinbrook on $600 Million Solar + Storage Continuation Transaction
Kirkland & Ellis advised Quinbrook Infrastructure Partners, a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, on the successful closing of Quinbrook’s Valley of Fire Continuation Fund with $600 million in capital commitments from leading U.S. and European institutional investors.
The Valley of Fire Continuation Fund is a continuation of the large scale solar+storage strategy of Quinbrook’s Low Carbon Power Fund (LCPF) which had its final closing in 2019. The Valley of Fire Continuation Fund has acquired 51% of the Gemini Solar + Storage project and 100% of the remaining Valley of Fire project development portfolio from LCPF and certain other equity holders. The transaction creates a new growth platform to provide primary capital commitments to fund the continued development and construction of several large scale solar+storage projects in the Valley of Fire project development portfolio. The lead investor in the Valley of Fire Continuation Fund is Blackstone Strategic Partners.
Read Quinbrook’s press release
The Kirkland team was led by corporate partner Stephen Noh; investment funds partners Damian Jacobs, Mark Boyagi, Laura Stake and Matt Nadworny; and tax partners Steve Butler and Adam Nguyen; with assistance from corporate partner Fernanda Langa and associates Emma Balls and Dallin Miller; investment funds associates Michael Brar, Susan Czaikowski, Emily Hartney, Jordan Redler and Rachel Chung; tax associates Nicole Martin, Grace Bridwell and Lauren Deutsch; executive compensation partners Stephen Jacobson and Jabir Yusoff; project finance partner Rob Eberhardt and associate William Zakhary; and investment funds regulatory partners Alpa Patel and Mac Laban.
