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CIP buys 1.3GW New York onshore wind portfolio

RICHARD HEAP

April 15, 2024

Copenhagen Infrastructure Partners has announced the acquisition of a 1.3GW portfolio of onshore wind projects in New York called Liberty Renewables.

CIP has made this acquisition through its CI V fund, where it is targeting a final close of €12bn. Tim Evans, partner and head of North America at CIP, said: “We are excited to support New York’s clean energy transition through the acquisition of the Liberty portfolio.”

Liberty has recently submitted its application to New York’s Office of Renewable Energy Siting for its first project, Hoffman Falls Wind, where construction is due to start in 2026.

Building work on the other projects in the 1.3GW portfolio are due to start between 2027 and 2030.

Andy MacCallum, president at Liberty Renewables, said: “CIP has a strong track record of developing and financing renewable energy projects across multiple markets in the U.S., and we are excited to leverage this expertise for the successful delivery of this portfolio in New York.”