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Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in lower carbon and renewable energy infrastructure, today announced the launch of a new portfolio company, Primergy Solar, LLC (‘Primergy’). Primergy acquires, develops and operates distributed and utility scale solar PV and battery storage projects across North America.
David Scaysbrook, co-founder and managing partner of Quinbrook, and Primergy’s Chairman, stated that, the industry is recognizing the increasingly important role that solar-plus-battery storage solutions would play in accelerating the energy transition. Moreover, there would be a growing realization of investing in the building of new renewable energy infrastructure which will be crucial to drive sustainable economic recovery and create jobs across America. Through the company’s investment in the formation of a ‘best in class’ team at Primergy, Quinbrook intends to remain a leader in solar and battery storage for decades to come. They believe that solar plus battery storage will dominate new energy infrastructure investment in the years ahead. Launching their latest portfolio company led by an exceptional team will be an exciting new initiative for Quinbrook’s investors, development partners and energy customers.
Primergy will continue to pursue Quinbrook’s well established low-carbon investment strategy in the U.S. power markets, making direct investments from early-stage development through acquisitions of operational assets as both primary sponsor and in joint venture with our family of project development partners. Primergy’s team boasts in-house capabilities right across the project value chain from project development, through construction and long-term asset operation of solar PV and battery storage assets
Primergy to Manage Largest Solar Project in US History
A cornerstone project for Primergy will be the $1.1 billion, 690-megawatt AC Gemini Solar + Battery Storage Project located in Clark County, Nevada. Believed to be the world’s largest solar PV and battery storage project announced to date, Gemini will be capable of storing more than 1,400 megawatt hours of solar power once constructed and is projected to feature over 2.5 million solar modules installed on 7,100 acres of land dedicated to solar power and advanced battery storage.
Earlier this month, the Bureau of Land Management and the U.S. Department of the Interior issued the final Record of Decision for the Project. The Record of Decision formally concluded the federal authorization and environmental review process for Gemini and was based on the Final Environmental Impact Statement (EIS) issued in December 2019 under the National Environmental Policy Act. Gemini will dedicate all of its output under a 25-year power purchase agreement with NV Energy. The project will be constructed on federal land 25 miles (40 kilometers) north of Las Vegas by the end of 2023 and has been developed in conjunction with the team from Arevia Power who have partnered with Quinbrook since 2017