Quinbrook Infrastructure Partners has won contracts from the UK’s National Grid under its Stability Pathfinder’s programme to build two new synchronous condensers.
The Queensland-based firm won additional contracts from the electricity system operator for what is known as Phase 3 of the Stability Pathfinder Programme.
In including previously awarded contracts, Quinbrook expects to now make a total investment in Stability Pathfinder projects exceeding £430m (€491.7m) as it builds out the portfolio in England, Wales and Scotland over the next 2-3 years.
Quinbrook’s new synchronous condensers will provide critical grid support services, enabling the safe and stable addition of more renewable energy to the UK power system.
Rory Quinlan co-founder and managing partner of Quinbrook said: “We are investing in the next generation of critical infrastructure that directly addresses the real-world challenges posed by the energy transition as renewable energy continues to expand in the UK.
“Our ‘whole of system’ investment philosophy puts the emphasis on addressing fundamental system needs and enablers for a stable transition to a decarbonised power system.”
Alastair Fraser, chief executive of Welsh Power said: “Our ongoing partnership with Quinbrook has enabled us to play a pivotal role in the UK energy transition.”
National Grid launched the Pathfinder programme in 2019 to source critical grid stability services from other technologies.
To read the latest edition of the latest IPE Real Assets magazine click here.
