Quinbrook Infrastructure Partners has announced the sale of its electricity retail business Energy Locals to a consortium led by Palisade Impact.
As a recognised green energy retailer, Energy Locals focuses on delivering carbon-neutral energy solutions, transparency, and affordability.
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The company’s unique model and approach have been acknowledged by several industry awards, including multiple Mozo Expert Choice Awards and Finder’s Green Energy Retailer of the Year awards.
The transaction is expected to reach financial close by the end of 2024.
“Quinbrook identified very early the key role community energy networks play in accelerating the energy transition through enabling new approaches to energy distribution and sustainability, and the journey of Energy Locals is a testament to Quinbrook’s commitment to active management and value creation,” Quinbrook managing partner and co-founder David Scaysbrook said.
“The consortium led by Palisade Impact are natural stewards to drive the company into its next phase and we wish them continued success.”
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“We are proud of the achievements made by the Energy Locals team to date. Their focus on energy transition has delivered real benefits to local communities and residents, as well as to the leading brands that the company supports in their own energy transition objectives,” Quinbrook managing director and regional leader for Australia Brian Restall said.
