Copenhagen Infrastructure Partners acquires Liberty Renewables' 1.3 GW onshore wind development portfolio in New York

Copenhagen Infrastructure Partners' CI V fund has acquired Liberty Renewables' 1.3 GW early-stage onshore wind development portfolio in New York, a proactive strategy to secure future U.S. renewable capacity. This acquisition, announced on 2024-04-15, allows CIP, a global fund manager with over €28 billion in AUM, to significantly expand its U.S. renewable footprint. The commercial logic centers on CIP targeting these early-stage assets for advancement to shovel-ready status, aligning with its specialization in large-scale renewable energy infrastructure investments. Liberty Renewables, as a renewable energy development company, benefits by monetizing a substantial 1300 MW portfolio, enabling potential capital redeployment. The undisclosed value for this early-stage acquisition is consistent with development-phase transactions. The acquisition further solidifies Copenhagen Infrastructure Partners' position as a global leader in energy infrastructure investments, focusing on developing and constructing large, complex projects, including onshore wind. The 1.3 GW portfolio in New York fits CIP's mandate for large-scale renewable energy infrastructure, expanding its geographic and technological reach within the U.S. Liberty Renewables, a renewable energy development company, has successfully divested a significant early-stage asset base. The acquisition by a fund manager with over €28 billion AUM for an early-stage U.S. onshore wind portfolio indicates continued institutional capital deployment into greenfield renewable development.