Copenhagen Infrastructure Partners (CIP) has agreed to divest minority stakes in its 500 MW Devilla battery energy storage (BESS) project to the Scottish National Investment Bank and Nuclear Liabilities Fund. The project, located in Kincardine, Scotland, is a two-hour-duration lithium-ion BESS. CIP will retain a majority stake and continue to oversee the project construction.
Furthermore, the project involves a 10-year optimisation agreement with SSE plc and a 15-year Capacity Market contract. The project is one of three transmission-connected storage projects being built by CIP in Scotland, totaling 1.5 GW of power capacity and 3 GWh of storage. Together, the projects can deliver enough electricity to power more than 4.5 million households for two hours.
In May 2026, BII announced the launch of North Star. It is a $300 million platform aimed at accelerating the development of clean energy in India. BII will invest $150 million in the platform, while another $150 million will be provided by Copenhagen Infrastructure Partners through its Growth Markets Fund II. The platform is the first investment under British Climate Partners, a £1.1 billion climate finance initiative launched by BII.