Quinbrook acquired Peak Gen Power 15 Limited, Peak Gen Power 16 Limited and Peak Gen Power 22 Limited, each of which own the rights to develop a reserve power peaking power plant in England. Financial terms were not disclosed. "The rapid growth of intermittent renewables, like wind and solar, in the UK energy mix has led to an urgent need for flexible and 'dispatchable on demand' generation assets, such as the Eider portfolio, that can respond immediately when needed by the grid and ensure the lights stay on," said Rory Quinlan, Co-Founder and Managing Partner of Quinbrook.