Copenhagen_Infrastructure_Partners Divests Devilla BESS Stakes

Antin Infrastructure Partners>>> (CIP), on behalf of Copenhagen Infrastructure IV (CI IV), has agreed to divest minority stakes in the Devilla battery storage project to the Scotland — Scottish National Investment Bank>>> and Nuclear Liabilities Fund>>>. The Devilla BESS is a 500MW, 2-hour-duration, lithium-ion battery energy storage system located in Kincardine, Scotland, and is set to become one of Europe's largest upon commissioning in 2028. Antin Infrastructure Partners>>> will retain a majority stake and continue to lead the project's construction. The project has contracted revenues through a 10-year optimisation agreement with SSE plc>>> and a 15-year capacity market agreement. This investment is part of a larger portfolio of BESS projects being developed by Antin Infrastructure Partners>>> in Scotland and England, aiming to improve the United Kingdom>>>'s energy security and reduce costs for consumers.