CIP to sell 50% stake in Coalburn 2 BESS project in Scotland

Copenhagen Infrastructure Partners (CIP) has agreed to divest a 50% ownership stake in Coalburn 2 to funds managed by AIP Management. Coalburn 2 is a 500MW, two-hour duration, lithium ion battery energy storage system (BESS) situated in South Lanarkshire, southern Scotland. The transfer of 50% ownership to AIP will take place once the site is commissioned. The agreement was signed by CIP on behalf of its Copenhagen Infrastructure IV fund. Upon being operational, the new project will be among the larges ...