Canada: Quinbrook’s Rowan secures investment from Canadian pension fund

Rowan owner Quinbrook Infrastructure Partners this week announced that  Rowan Digital Infrastructure has secured a co-investment from University Pension Plan Ontario (UPP). The companies said UPP’s investment in Rowan will allow Quinbrook to “further advance its efforts” to provide solutions to help the transition to net-zero in energy-intensive industries. 
 

John Lucas, managing director and North America regional lead for Quinbrook said: “We are thrilled that UPP shares our focus on investing in energy infrastructure that helps support the net-zero transition and are very pleased to welcome them as a co-investor in Rowan, and to our broader infrastructure platform. The large load requirements of new-build data centers means that there is likely to be increasing investment in and demand for data centers powered by renewable energy. Rowan’s platform has been built and well placed to capture hyperscale customers’ demand for ‘build-ready’ sites powered by renewable energy solutions.”

Peter Martin Larsen, senior managing director, head of private markets at UPP added: “Beyond adding important inflation-hedging properties to UPP’s investment portfolio, our investment in Rowan Digital Infrastructure provides a unique opportunity to help fund the critical infrastructure required for the growth of data centers with renewable energy sources. This partnership underscores UPP’s dedication to making investments with strong and stable long-term returns for our members that can contribute to the decarbonization of key industries and the wider economy.”