DJIA51349.98 -161.61
S&P 5007704.13 -1.90
NASDAQ26939.37 3.34
Russell 20002835.57 -3.09
German DAX25266.53 -144.10
FTSE 10010679.99 -25.27
CAC 408081.43 -41.98
EuroStoxx 506272.95 -27.90
Nikkei 22566364.20 850.21
Hang Seng24761.13 -72.99
Shanghai Comp3888.37 -48.15
KOSPI7080.92 63.01
Bloomberg Comm IDX145.94 1.12
WTI Crude-fut98.80 -1.16
Brent Crude-fut93.02 -1.27
Natural Gas3.26 -0.03
Gasoline-fut3.27 -0.04
Gold-fut4327.30 19.10
Silver-fut65.11 0.92
Platinum-fut1780.00 11.80
Palladium-fut1262.00 -13.00
Copper-fut6.77 0.00
Aluminum-spot3195.00 0.00
Coffee-fut278.85 2.25
Soybeans-fut1303.50 -13.00
Wheat-fut691.00 -14.75
Bitcoin84578.80 391.40
Ethereum USD2703.68 20.87
Litecoin70.76 -0.33
Dogecoin0.10 0.00
EUR/USD1.1370 -0.0018
USD/JPY158.82 0.53
GBP/USD1.3216 -0.0025
USD/CHF0.8283 0.0033
USD IDX101.09 -0.17
US 10-Yr TR5.175 0.013
GER 10-Yr TR3.6028 -0.0081
UK 10-Yr TR5.366 -0.0191
JAP 10-Yr TR3.08 -0.002
Fed Funds4 0
SOFR3.87 0
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Direct Investment  + Alternative Assets  + M&As  + Real Assets  |  April 16, 2024
CIP Buys 1.3GW NY Onshore Wind Portfolio Acquired via its fifth fund
Joe Palmisano
By: Joe Palmisano

CIP Buys 1.3GW NY Onshore Wind Portfolio

Danish investment firm Copenhagen Infrastructure Partners (CIP) has acquired Liberty Renewables, a 1.3 GW portfolio of onshore wind projects in New York.

CIP completed the acquisition on behalf of its fifth flagship fund, CI V, which has a target size EUR 12 billion ($12.8 billion). The price paid for Liberty Renewables was not disclosed.

“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,” said Andy MacCallum, president, Liberty Renewables.

Liberty recently submitted a 94-C application for its inaugural project, Hoffman Falls Wind, to New York’s Office of Renewable Energy Siting. Construction of this project is expected to begin in 2026, while construction of the remaining ones in Liberty’s portfolio is due to start between 2027 and 2030, CIP said.

CIP’s fifth fund has already made two investments and expects additional four investments to follow during 2024.

Founded in 2012, CIP manages 12 funds and has raised about EUR 28 billion ($29.8 billion) for investments in clean energy and associated infrastructure from over 160 institutional investors globally.

Connect

Inside The Story

Copenhagen Infrastructure PartnersLiberty Renewables

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints