Quinbrook launches Primergy Solar to focus on battery storage projects
Category: #energy-and-environment  By Saipriya Iyer  Date: 2020-05-19
  • share
  • Twitter
  • Facebook
  • LinkedIn
Quinbrook launches Primergy Solar to focus on battery storage projects

Non-exhausting energy sources have the potential to become a viable solution to the long-standing energy and environmental challenges faced by several countries. Energy companies across the globe have been investing in green sources for a sustainable future, targeting not only the energy landscape but also economic and employment opportunities.

In a bid to improve renewable energy infrastructure in North America, Quinbrook Infrastructure Partners, a value-added investor in lower carbon energy infrastructure market, has reportedly launched a new portfolio solar company named as ‘Primergy Solar, LLC’. The newly launched company will focus on developing, acquiring, and operating utility and distributed solar PV and battery storage projects across North America.

Speaking on which, David Scaysbrook, Managing Partner and Co-founder at Quinbrook, and Chairman at Primergy said that through the company’s investment in creating a top-notch team at Primergy, Quinbrook aims to remain a leader in battery storage and solar for decades to come. The company believes that solar plus battery storage would dominate new solar energy infrastructure investment in the forthcoming years, states Scaysbrook.

Mr. Scaysbrook added that launching a new solar portfolio company led by this excellent team is an exciting new initiative for Quinbrook’s development partners, investors, and energy customers.

According to sources, Primergy will be pursuing Quinbrook’s entrenched low-carbon investment strategy in the United States power markets, investing in an early-stage stage of a project through procurements of operational assets as primary sponsors as well as in joint venture with its project development partners.

Primergy will be working on 690 MW AC Gemini Solar plus Battery Storage Project worth approx. USD 1.1 billion which is situated in Clark County, Nevada. The project can store over 1,400 megawatt-hours of solar power once operational, making it America’s biggest solar PV and battery storage project declared to date. The project anticipated to feature more than 2.5 million solar modules deployed on 7,100 acres of land devoted to solar power and innovative battery storage.

Source Credit - https://www.businesswire.com/news/home/20200518005437/en/Quinbrook-Launches-Primergy-Solar-Develop-Solar-Battery

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Patanjali plans to sell food retail biz to Ruchi Soya for $88Mn
Patanjali plans to sell food retail biz to Ruchi Soya for $88Mn
By Saipriya Iyer

Indian multinational conglomerate holding company, Patanjali Ayurved has recently signed an agreement to sell its food retail unit to Ruchi Soya Industries for Rs 690 crore (USD 88 Million). The deal, which comprises 21 major products such as hone...

Apollo in talks to pump $1Bn into India’s residential property market
Apollo in talks to pump $1Bn into India’s residential property market
By Saipriya Iyer

Apollo Global Management Inc., an American investment management firm, is reportedly planning to lend around $1 billion to Indian property developers this year, making a bet on the recovery of the country’s residential property market as the CO...

Meta platforms join hands with AMD to make broadband more accessible
Meta platforms join hands with AMD to make broadband more accessible
By Saipriya Iyer

The two companies will collectively work on mobile internet infrastructure program This partnership aims to reduce base station cost and make broadband more accessible   Meta Platforms Inc., the parent company of Facebook, has rece...