Copenhagen Infrastructure Partners (CIP) has completed the purchase of a 1.3GW pipeline of onshore wind projects in New York.
CIP, acting on behalf of its flagship fund, CI V, announced the acquisition of Liberty Renewables, the owner of the under-development portfolio.
It declined to disclose financial details of the transaction.
“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,” said Tim Evans, partner and head of North America at CIP. “We are excited to support New York’s clean energy transition through the acquisition of the Liberty portfolio.”
Liberty recently applied to the New York Office of Renewable Energy Siting for a permit for its inaugural project, Hoffman Falls Wind. It is scheduled to start construction in 2026.
The portfolio’s remaining projects in the portfolio are expected to start construction between 2027 and 2030.
CI V has a target size of €12 billion. It is set to become the largest of its kind globally, according to CIP.
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