January 13, 2025: Copenhagen Infrastructure Partners has given the go-ahead to invest around £800 million ($984 million) in two 500MW BESS projects in Scotland.

Copenhagen, through its flagship fund CI IV, said on January 8 it had taken a financial investment decision and issued a notice to proceed on building the systems.

The Coalburn 2 BESS will be in South Lanarkshire, adjacent to Copenhagen’s Coalburn 1 BESS site, which received a positive financial investment decision a year ago. The second project, Devilla, will be in Fife.

Canada’s CSI Solar is supplying its LFP-based SolBank system for all projects.

Once commissioned, Copenhagen said the latest projects will expand its UK BESS construction portfolio to a total of three and make the firm the largest battery storage investor in the UK.

Coalburn 1, Coalburn 2 and Devilla will have total power capacity of 1.5GW and will be able to store and supply the grid with a total of 3GWh of electricity, equivalent to the electricity demand of over 4.5 million households, across a two-hour period, Copenhagen said.

Copenhagen partner Nischal Agarwal, partner at CIP, said: “CIP’s latest investments in Scottish battery energy storage will support the UK’s pursuit of a clean power system by 2030 and delivering a net zero carbon economy by 2050.”

Copenhagen manages 12 funds and has to date raised about €31 billion for investments in energy and associated infrastructure from more than 180 international institutional investors.