Australian superannuation fund Rest to invest in Quinbrook

Australian superannuation fund Rest has committed to investing AUD 1 billion (USD 658 million) along with renewable and clean energy infrastructure manager Quinbrook Infrastructure Partners in a push to bolster energy efficiency and reduce the environmental impact of data centers.

Rest is seeking to increase its exposure to renewable energy and green infrastructure by investing in Quinbrook, a specialist investment manager focused on the energy transition. This investment will provide Rest with exposure to a portfolio of assets, including solar and battery storage projects, green data centers, and Quinbrook's Supernode green data campus in Brisbane.

Quinbrook has a proven track record of investing in and managing energy infrastructure assets, having collectively invested over USD 8.2 billion in projects representing more than 19.5 GW of power supply capacity. Recently, the company secured a global framework agreement for over 10 GWh of energy storage solutions, highlighting its commitment to advancing sustainable energy solutions.