Robin Tayal, Investment Director at the Scottish National Investment Bank, said: “Battery energy storage systems are a critical part of improving energy security and stability. The Devilla site is strategically located and will support renewable integration, grid stability, and system flexibility. We are pleased to partner with CIP and the wider investor group to support the delivery of this important asset.\u201d<\/p>\n
Melissa Hope, Chief Executive of Nuclear Liabilities Fund, added: “NLF is pleased to partner with CIP and the Bank on this battery storage project. This investment aligns with our strategic investment objectives while supporting UK energy security and economic growth.\u201d<\/p>\n
Notes to Editors<\/p>\n
Media Contact<\/p>\n
CIP: [email\u00a0protected]<\/a><\/p>\n Scottish National Investment Bank:\u00a0[email\u00a0protected]<\/a><\/p>\n NLF:\u00a0[email\u00a0protected]<\/a><\/p>\n About Copenhagen Infrastructure Partners<\/p>\n Founded in 2012, Copenhagen Infrastructure Partners P\/S (CIP) is a global fund manager and leading investor in energy infrastructure. CIP builds value that matters by developing and constructing critical infrastructure projects that shape the future of energy. Through its funds, CIP invests in power generation (solar and wind), energy storage, transmission and distribution, advanced bioenergy, low-carbon fuels and carbon capture.<\/p>\n With 15 funds currently under management, CIP is trusted by over 200 of the world\u2019s largest and most sophisticated institutions, having raised EUR ~37 billion to date. CIP has projects in more than 30 countries, with presence on the ground through a network of +2,300 professionals.<\/p>\n For more information, visit\u00a0www.cip.com<\/a>. \u00a0<\/p>\n About\u00a0the Scottish National Investment Bank\u00a0<\/p>\n The Scottish National Investment Bank is Scotland\u2019s development bank and exists to provide patient (long-term) debt or equity investments to businesses and projects that support the development of a fairer, more sustainable Scottish economy.<\/p>\n The Bank is a public limited company (plc) that was established in November 2020. It is wholly owned by Scottish Government ministers on behalf of the people of Scotland, but operates independently from government.<\/p>\n \u202f\u00a0<\/p>\n As an impact investor, the Bank is focused on delivering both commercial returns and tangible benefits that align with at least one of its three missions:<\/p>\n Net zero: Addressing the climate crisis through growing a fair and sustainable economy\u202f\u00a0Innovation: Scaling up innovation and technology for a more competitive and productive economy\u202f\u00a0Place: Transforming communities to make them places where everyone thrives.\u202f\u00a0 The Scottish Government has committed to capitalising the Bank with \u00a32bn in its first 10 years. Over time, as the Bank\u2019s initial investments are repaid, it will reinvest those funds in more businesses and projects, creating a perpetual investment fund to support the Scottish economy in the long term.<\/p>\n
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