Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has announced it has reached an agreement to sell its 100 percent ownership interest in the Summerfield Battery Energy Storage Project to Palisade Investment Partners through Intera Renewables.
Summerfield is a 240-megawatt and 960-megawatt-hour, 4-hour duration, lithium-ion battery storage system, located near Adelaide in South Australia. CIP originally acquired the project in 2022 and delivered all key development workstreams across offtake, procurement and grid connection before commencing construction in February 2025. The construction of the project is materially complete, with energization expected in May 2026 and commercial operations scheduled for late 2026. Once operational, Summerfield will support South Australia’s grid stability and energy storage needs and support the government’s target of 100 percent net renewable energy by 2027.
Palisade is an early i
