Primergy sells 49% stake in Gemini solar-plus-storage project to APG
Type: Sale · Technology: Solar, Storage · Country: United States · Capacity: 690 MW · Announced: 2025-01-09
Primergy (launched by Quinbrook Infrastructure Partners) sold a 49% equity stake in the Gemini 690MWac/966MWdc solar PV plant paired with a 380MW/1,400MWh DC‑coupled BESS to Danish pension fund APG and secured tax‑equity and other financing including ~US$500m of tax equity and a US$125m tax equity sale to Rabobank as part of the project financing and a broader Valley of Fire portfolio raise.
Counterparties
- Rabobank (Lender)
- Primergy (launched by Quinbrook Infrastructure Partners) (Seller)
- NV Energy (Offtaker)
- APG (Buyer)
📈 The Sherpa Signal — one notable infrastructure deal a day.
📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.