Copenhagen Infrastructure Partners has agreed to sell its 100% stake in the Summerfield Battery Energy Storage Project to Palisade Investment Partners through Intera Renewables.
Copenhagen Infrastructure Partners said the 240MW/960MWh lithium-ion battery system is located near Adelaide in South Australia and is nearing completion.
The company added that construction began in February 2025, with energisation expected in May 2026 and commercial operations scheduled for late 2026.
Summerfield will support South Australia’s grid stability and energy storage needs and its target of 100% net renewable energy by 2027.
Thomas Wibe Poulsen, partner and APAC lead at Copenhagen Infrastructure Partners, said: “We are delighted to have reached an agreement to sell Summerfield to Palisade.”
“CIP has successfully de-risked this large-scale battery project throughout development and construction, demonstrating our ability to manage risk and deliver value to our investors.”
“The Summerfield project clearly illustrates CIP’s capability to deliver through each stage of a project’s lifecycle, having successfully delivered all key development workstreams and with construction now substantially complete.”
Simon Parbery, partner at Palisade, said: “We are excited to be working with Copenhagen Infrastructure Partners in delivering this significant project for both our investors, and Australia’s broader clean energy transition goals.”
“Summerfield represents Palisade’s second investment in large-scale energy storage, providing both attractive risk-adjusted returns to investors, and long-term strategic value to our Australian renewables platform Intera Renewables.”