Copenhagen Infrastructure Partners (CIP) has acquired US onshore wind projects company Liberty Renewables.
CIP, which is investing through the Copenhagen Infrastructure V (CI V) fund, said it has completed the acquisition of Liberty, owner of a 1.3GW project pipeline in New York.
Liberty was established in 2019. The company’s inaugural project, Hoffman Falls Wind, recently submitted its 94-C application to New York’s Office of Renewable Energy Siting and is scheduled to commence construction in 2026. The remaining projects in the portfolio are expected to start construction between 2027 and 2030.
Andy MacCallum, president of Liberty Renewables, said: “CIP has a strong track record of developing and financing renewable energy projects across multiple markets in the US, and we are excited to leverage this expertise for the successful delivery of this portfolio in New York.”
Tim Evans, partner and head of North America at CIP, said: “Onshore wind will play an important role in decarbonising New York’s power grid and will be critical to achieving its nation-leading renewable targets. We are excited to support New York’s clean energy transition through the acquisition of the Liberty portfolio.”
CI V is seeking to raise €12bn to invest in a range of technologies from wind and solar photovoltaic to energy storage across Europe, North America and Asia Pacific.
CIP said CI V has already made two investments with an additional four investments expected during 2024 ensuring fast deployment of capital.
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