en.Wedoany.com Reported - Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to sell its minority stake in the 500 MW Devilla battery energy storage project in Scotland to the Scottish National Investment Bank and the Nuclear Liabilities Fund (NLF). The Devilla battery energy storage project, located in Kincardine and currently under construction, will utilize a lithium-ion battery energy storage system with a capacity of 500 MW and a 2-hour discharge duration, and is expected to become operational in 2028..

The transaction is executed on behalf of CIP's Copenhagen Infrastructure IV fund, with financial terms undisclosed. CIP will retain a majority stake in the Devilla battery energy storage project and continue to lead its construction and delivery. The Devilla project has secured long-term revenue contracts, including a 10-year optimization agreement with UK energy company SSE plc and a 15-year capacity market contract.

Devilla is one of three transmission-level battery energy storage projects developed by CIP in collaboration with UK developer Alcemi in Scotland, with a combined capacity of 1.5 GW/3 GWh, capable of providing two hours of electricity to over 4.5 million households. The Devilla battery energy storage project is located near a former power station, allowing access to existing grid infrastructure..

CIP Partner Nischal Agarwal stated: "As CIP continues to advance its development and construction portfolio of BESS projects in the UK, we look forward to welcoming the Scottish National Investment Bank and the Nuclear Liabilities Fund as new equity partners in the Devilla project. Upon commissioning in 2028, Devilla will be one of the largest operational BESS projects in Europe." Robin Tayal, Investment Director at the Scottish National Investment Bank, noted that battery energy storage systems are a key component in enhancing energy security and stability..

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