Copenhagen Infrastructure Partners partially divests 500MW Devilla BESS project to Scottish National Investment Bank and Nuclear Liabilities Fund
The Bank and Nuclear Liabilities Fund are joining as equity partners while CIP keeps the majority stake and leads construction.
- On Monday, June 08, 2026, Copenhagen Infrastructure Partners divested minority stakes in the Devilla battery energy storage system project in Kincardine, Scotland, to the Scottish National Investment Bank and the Nuclear Liabilities Fund .
- Devilla is a 500MW, 2-hour-duration lithium-ion battery energy storage system designed to enhance grid stability; CIP retains the majority stake and will continue to lead project delivery through the current construction phase.
- Once commissioned in 2028, the project will be among Europe's largest battery storage facilities, having secured a 10-year optimization agreement with SSE plc and a 15-year capacity market agreement ensuring stable returns.
- Robin Tayal, Investment Director at the Scottish National Investment Bank, noted that battery storage systems are critical for energy security, while Melissa Hope, Chief Executive of Nuclear Liabilities Fund, stated the fund is pleased to partner.
- CIP is developing an additional 4.5GW of BESS projects across Scotland and England, aiming to improve UK energy security and reduce costs for British consumers through enhanced system flexibility and access to low-cost renewables.
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Copenhagen Infrastructure Partners partially divests 500MW Devilla BESS project to Scottish ...
COPENHAGEN, Denmark and EDINBURGH, Scotland, June 08, 2026 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), on behalf of Copenhagen Infrastructure IV (CI IV), has agreed to divest minority stakes in the Devilla battery storage project to the Scottish National Investment…
New investment agreed for one of Europe’s largest battery projects in Fife
Copenhagen Infrastructure Partners (CIP) has agreed to sell minority stakes in its flagship Devilla battery storage project in Kincardine to the Scottish National Investment Bank and the Nuclear Liabilities Fund, marking a significant step forward for one of Europe’s largest energy storage developments. The 500MW lithium-ion battery energy storage system (BESS), designed with a two-hour duration, is set to play a pivotal role in strengthening gr…
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