Copenhagen Infrastructure Partners (CIP) and Amberside Energy have partnered to develop a 2GW portfolio consisting of solar and battery energy storage system (BESS) projects across the UK.
The investment management company CIP, under its Flagship Funds, will provide capital to develop the various projects which will be included within the portfolio. Amberside will look to develop the projects with the financial backing.
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The partnership is similar to a previously announced strategic partnership signed with developer Alcemi in March 2022 which saw the two companies commit to the development, construction and operation of a 4GW portfolio of UK energy storage assets.
The projects at the time were in late-stage development and between 300MW and 500MW each, with a storage duration of up to four hours. This made them some of the largest energy storage projects in Europe, Copenhagen Infrastructure Partners and Amberside said at the time.
Amberside originates, develops and manages utility-scale solar and energy storage projects. According to the company, it has over 1GW of projects originated with over 2,000 systems managed.
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