Quinbrook Infrastructure Partners has reached a final close for its second UK renewables fund, securing £587 million ($745 million). The fundraising process took approximately 18 months to achieve its target.

The fund saw strong support from its predecessor investors, with a 74% re-up rate, indicating confidence in Quinbrook's strategy and past performance. This capital raise will likely fuel further investments in the UK's renewable energy sector, supporting the development and expansion of green infrastructure projects.

This successful close underscores the continued investor appetite for sustainable infrastructure assets. For Quinbrook, it provides significant capital to deploy into a sector critical for energy transition, potentially impacting the competitive dynamics and project pipelines within the UK's renewable energy market.