Copenhagen Infrastructure Partners (CIP) has, through its flagship fund CI IV, taken a financial investment decision (FID) and issued a notice to proceed (NTP) to commence construction of two additional battery energy storage system (BESS) projects in Scotland.
Coalburn 2 is situated in South Lanarkshire, adjacent to CIP’s existing Coalburn 1 BESS project, and Devilla is situated in Fife, near the town of Kincardine. Each project is sized at 500 megawatts and, once commissioned, will be the largest battery storage projects in Europe.
These two projects represent an investment of approximately £800 million ($1billion). They expand CIP’s BESS construction portfolio in the United Kingdom from one to three projects and make CIP the largest battery storage investor in the United Kingdom.
The CIP BESS portfolio (Coalburn 1, Coalburn 2, and Devilla) will have total power capacity of 1.5 gigawatts and will be able to store and supply the grid with a total of 3 giga
