Entire I-77 Express Corridor Now Available to Save Drivers Time.
I-77 Mobility Partners announced today that the southern section of I-77 Express from I485 to I-277 in uptown Charlotte opened on November 16 With Saturday’s opening, drivers will now be able to use all 26-miles of I-77 Express. “Since I-77 Express opened on June 1 in the Lake Norman area, more than 2.7 million trips have been taken on the express lanes by over 515,000 different vehicles,” said Javier Tamargo, CEO of I-77 Mobility Partners. “We are proud to make this private investment to develop the first managed lanes in North Carolina. Through partnership with NCDOT and Sugar Creek Construction, we are able to deliver this project and other infrastructure improvements along the existing portion of I-77 sooner than traditional funding would have allowed for the State of North Carolina and motorists. I-77 Express adds a travel option to a key interstate corridor and a new component to the Charlotte region’s comprehensive transportation network.” I-77 Express is already improving travel in the corridor in both the express lanes and general purpose lanes. In October, average speeds during the morning rush hour increased by 15%, and speeds during the afternoon rush hour increased by 17% when compared to pre-opening speeds in October of 2018. I-77 Express runs adjacent to the existing general purpose lanes. Drivers have the option of using the express lanes for more reliable travel times, the general purpose lanes or a combination of both. The number of free general purpose lanes remains the same.
The express lanes have signage one-quarter mile ahead of each segment that clearly displays the transponder toll rate applicable to drive that segment. The toll rate displayed when entering I-77 Express is the price motorists will be charged for that segment. With the full opening of I-77 Express, regular scheduled rates apply, and the current 25 percent discount will expire. Customers can learn more about toll rates here. Dynamic pricing will begin December 1, 180 days from the opening of I-77 Express on June 1. During dynamic mode, toll rates may change as often as every five minutes to accommodate changes in demand for I-77 Express. Toll rates will be based on segment length, time of day, and demand for I-77 Express. Using a NC Quick Pass transponder is the fastest, easiest way to pay for tolls in North Carolina and other states that accept SunPass, Peach Pass and E-ZPass transponders.
Castleton Commodities International LL and White Summit Capital AG have reached an agreement with Arclight Capital Partners LLC to acquire 100% of a 786MW natural gas-fired combined cycle plant located in Amorebieta, in the Basque Country, in Spain.
London, United Kingdom – November 13, 2019 Castleton Commodities International LLC (“CCI”) and White Summit Capital AG (“WSC”), today announced an agreement to acquire a combined cycle power plant (CCGT) located in the industrial hub of Bilbao, in the Basque Country, in Spain, from Arclight Capital Partners LLC (“Arclight”). Following the acquisition, CCI will own or operate approximately 4,700 megawatts of power generation globally.
The Amorebieta plant is a 786 megawatt state of the art natural gas-fired CCGT that uses two General Electric 9FA gas turbines and one Alstom steam turbine, making it one of the most efficient gas-fired power plants in the Iberian Peninsula. The plant operates under a tolling agreement with Shell España.
The acquisition is subject to customary closing conditions.
“The Amorebieta acquisition builds on our strategy to increase exposure to the European energy markets and marks our entry into the rapidly changing Iberian hub where we see enormous potential,” said Arie Pilo, Head of CCI’s European Power Investments business. “We are also impressed by the market and economic fundamentals within the Basque region and by the investor friendly environment”.
Pablo Pallás, partner at WSC said: “We are delighted to partner with CCI and to build on our track-record of teaming-up with world-class institutions. This deal demonstrates our commitment to continue channeling foreign direct investment into the Spanish energy transition”.
About Castleton Commodities International LLC
CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities, and the ownership, operation and development of commodities-related infrastructure and upstream assets. Please visit our website for more information. http://www.cci.com.
About White Summit Capital
WSC is an investor and asset manager specialized in the infrastructure and energy sectors and focused on originating, executing and investing in off-market transactions with superior risk/return profiles. We co-invest with our partners, having deployed over EUR 1.3 billion of equity in 5 different assets, and we manage the investments for the long term. WSC is headquartered in Zug, Switzerland with offices in Madrid, London and Mexico City and a total of 10 investment professionals. www.whitesummitcap.com
White River has reached an agreement to acquire two solar photovoltaic (PV) plants in Mexico from Jinko Solar, one of the world’s largest and innovative solar panel manufacturers in the world (NYSE:JKS):
– Las Viborillas, a 130MWp PV plant located in Aguascalientes
– San Ignacio, a 25MWp PV plant located in the Yucatán Peninsula
Both plants are fully operational, having reached COD under their PPAs in September 2018 and May 2019, respectively. Closing is subject to customary approvals.
White River Renewables (“White River”) is a newly-created Mexican renewable energy company jointly sponsored by Riverstone Holdings (“Riverstone”), one of the global leaders of the energy and power private equity sector, and White Summit Capital (“WSC”), a Switzerland-based firm specializing in infrastructure investments and asset management.
Jinko Power, a global renewable energy company, Ardian Infrastructure, one of the European leaders of the Infrastructure sector and White Summit Capital AG, a Switzerland-based firm specializing in private infrastructure, have reached an agreement to jointly construct and operate “La Isla”, a 182.5 MW solar photovoltaic (PV) plant near Seville, Spain.
The project was previously wholly owned…