Overview
- Copenhagen Infrastructure Partners has sold minority equity in the 500 MW Devilla BESS to the Scottish National Investment Bank and the Nuclear Liabilities Fund while retaining majority ownership and project‑lead responsibilities.
- Devilla is a 500 MW, two‑hour lithium‑ion battery located at Kincardine, Scotland, and CIP expects to commission the asset in 2028 as one of Europe’s largest operational BESS.
- The project is backed by a ten‑year optimisation agreement with SSE and a 15‑year capacity‑market contract that together provide contracted revenue alongside market exposure.
- Devilla is one of three transmission‑connected BESS sites co‑developed by CIP and Alcemi in Scotland that will total 1.5 GW and 3 GWh, and it sits within CIP’s wider UK pipeline that includes a further 4.5 GW of planned BESS capacity.
- The minority sale brings public capital to large‑scale storage that can smooth variable renewables, bolster UK energy security, and help lower consumer costs while CIP remains exposed to construction and delivery risk.