Copenhagen Infrastructure Partners has agreed to sell minority stakes in its 500 MW Devilla battery storage project in Scotland to the Scottish National Investment Bank and the Nuclear Liabilities Fund, while retaining control of the project.
Copenhagen Infrastructure Partners has agreed to sell minority stakes in its 500 MW Devilla battery storage project in Scotland to the Scottish National Investment Bank and the Nuclear Liabilities Fund, while retaining a majority stake and continuing to oversee delivery.
The transaction was disclosed on June 8, 2026 and reported in multiple outlets the same day. Financial terms were not announced.
Project details
Devilla is a 500 MW, two-hour lithium-ion battery energy storage system under construction in Kincardine, Scotland. The project is scheduled for commissioning in 2028.
The deal brings two public-sector investors into the project at a time when grid-scale battery storage remains a key part of the UK's energy transition and system flexibility plans.
CIP, a Copenhagen-based energy infrastructure investor, will remain the controlling owner. The company has continued to focus on battery storage investment in the UK.
What happens next
The new ownership structure gives the Scottish National Investment Bank and the Nuclear Liabilities Fund exposure to one of Scotland's largest battery storage projects while leaving project execution under CIP's control.
No separate standalone announcements from both buyers were immediately identified in the reporting available for this article.
Revision note
Initial automated publication.