US land-under-infrastructure-company Renewa: "Supporting the energy transition from the ground up"

As the global energy transition accelerates, securing the land needed for the growing scale of renewable energy infrastructure and projects is becoming more critical than ever. In the US, it is estimated that more than 20 million acres of land will be needed to house the solar, wind and energy storage facilities required to achieve the country’s net zero commitments.¹

In line with QIC Infrastructure’s thematic-based investment strategy, which focuses on the decarbonisation megatrend (alongside deglobalisation, decentralisation and an ageing population), the QIC Infrastructure team is investing in securing land capacity for US renewable energy projects through its portfolio company, Renewa.

Investment background

In 2022, QIC (on behalf of a managed client) acquired Renewa, a rapidly growing ‘land-under-infrastructure’ platform that provides long-term capital solutions to landowners and renewable energy project developers across the US. Since QIC’s acquisition, Renewa’s portfolio has grown from 16 operators across 4 states to more than 60 operators across 26 states.

Providing specialised financial solutions to landowners and renewable energy operators, Renewa either owns the land or holds a ground lease on the land under more than 150 renewable energy facilities across the US, with a presence in renewables projects accounting for more than 35 gigawatts of renewable energy.

Citations

1. Roland Berger, 2024. Renewables land financing market report.
2. Renewa, 2023.