Quinbrook infrastructure acquires Scout Clean Energy

Quinbrook Infrastructure Partners announced that it has acquired Scout Clean Energy (Scout). Terms of the transaction were not disclosed.

Quinbrook Co-Founder and Managing Partner, David Scaysbrook said that Quinbrook’s investment in Scout aligns with their long-term strategy of building a larger scale portfolio of on-shore wind power projects in the US. Investing in innovative and experienced development teams like Scout is key to helping us meet growing demand for sustainable, long-term infrastructure investments with real ESG impacts.

Quinbrook’s US Senior MD, Shawn Cumberland said that Quinbrook is taking the deliberate approach of pursuing attractive wind development sites supported by highly experienced teams prosecuting the development of PTC-qualified projects. In addition to Scout’s already significant pipeline of wind development projects, Quinbrook intends to use Scout as a platform for further growth in wind power both organically and through complimentary acquisitions in North America that satisfy Quinbrook’s investment criteria.

Scout is developing a 1,600-MW pipeline of U.S. wind power projects that in aggregate represents more than $1.7 billion in total capital investment and would generate enough emissions free power to serve the needs of nearly a half-million American households.