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Copenhagen Infrastructure Partners Acquires 1.3 GW Onshore Wind Power Portfolio

Last Updated on 17th April 2024

Copenhagen Infrastructure Partners (CIP), a Danish investment firm, has announced the successful acquisition of a 1.3 GW renewable power portfolio from Liberty Renewables, consisting of onshore wind projects in the US. This acquisition was made on behalf of its flagship fund, CI V.

 

 

With a target size of USD 13 billion, CI V is set to become the largest fund of its kind globally. Off to a strong start, CI V boasts a large and diversified portfolio of renewable energy infrastructure projects in the development stage, with potential equity commitments reaching USD 23 billion. The fund has already completed two investments, with an additional four expected during 2024, ensuring rapid capital deployment.

 

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Liberty Renewables, established in 2019, owns a portfolio of greenfield renewable energy projects in New York, with approximately 1.3 GW of onshore wind in the pipeline. Liberty is strategically positioned to significantly contribute to New York’s clean energy objectives and support the state’s journey towards economy-wide decarbonization.

 

The inaugural project of Liberty, Hoffman Falls Wind, recently submitted its 94-C application to New York’s Office of Renewable Energy Siting and is slated to commence construction in 2026. The remaining projects in the portfolio are projected to begin construction between 2027 and 2030. Explore our database for further details about the Hoffman Falls wind farm project

 

Tim Evans, partner and head of North America at CIP, emphasized the importance of onshore wind in decarbonizing New York’s power grid and achieving its renewable targets. "We are excited to support New York’s clean energy transition through the acquisition of the Liberty portfolio," he stated.

 

Andy MacCallum, President of Liberty Renewables, expressed enthusiasm about leveraging CIP's track record in developing and financing renewable energy projects across wind power markets in North America.

 

Read: Largest Offshore Wind Farm Project in US Gets Final Environmental Permit

 

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) is the world’s largest dedicated fund manager within greenfield renewable energy investments and a leader in global offshore wind projects

 

The funds managed by CIP focus on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and power-to-X. To date, CIP manages 12 funds and has raised approximately USD 30 billion for investments in clean energy and associated infrastructure from more than 160 institutional investors globally.

 

Read:  Top Five Upcoming Offshore Wind Farm Power Projects in the United States (US)

 

About Liberty Renewables

Liberty Renewables is a renewable energy company based in Albany, New York. The company was formed through a partnership with two internationally successful wind energy companies, Natural Forces and ProWind Renewables. Together, they have combined operating assets of over 55 wind projects in Canada and Europe, representing over USD 205 million in equity financing.

 

The company specializes in designing and developing community-scale renewable energy projects with local organizations. It aims to help communities reduce their carbon footprint and support rural economic development through wind and solar energy projects in New York State.

 

Read:  OX2's Aurora Offshore Windfarm Secures Key Environmental Permit

 

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