About Devilla Battery Energy Storage System
The Devilla project is a 500MW, 2-hour duration, lithium-ion battery energy storage system (BESS) located near Kincardine, one of three battery storage projects in Scotland being co-developed by Copenhagen Infrastructure Partners (CIP) and London-based energy storage developer Alcemi. Devilla is expected to be operational in early 2028 and will be among the largest battery storage systems of its kind in Europe.
The project has a high level of contracted revenues through a 10-year optimisation agreement with SSE plc, alongside a 15-year capacity market agreement, providing visibility and a stable foundation for returns while maintaining exposure to market upside.
Why we invested
Our investment in the Devilla project aligns with our net zero mission to address the climate crisis through a fair and sustainable economy.
As Scotland continues to generate greater amounts of clean energy, the electricity grid can struggle to manage and distribute it to other parts of the UK. This can result in curtailment, where wind and solar producers need to switch off or dial back their electricity generation to avoid overloading the grid.
There are also problems with renewable energy intermittency when the wind isn’t blowing or the sun isn’t shining. Battery energy storage systems (BESS) act as buffers, storing excess energy to avoid curtailment, then releasing it later as needed.
“We are a mission-led bank, looking to solve some of the great challenges we face as a society through enabling long-term economic growth and impact. Our investment in Corran’s fund and support for Renewco is aligned to our net zero mission, which aims to address the climate crisis through growing a fair and sustainable economy.”
Key Information
Key Quote
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.”
Alignment to the United Nation's Sustainable Development Goals
Affordable and Clean Energy
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
