A consortium backed by White Summit Capital, IST3 Investment Foundation (acting in respect of and on behalf of its investment group IST3 Infrastruktur Global), and Reichmuth & Co. has acquired a c. 100MW generation portfolio, consisting of 25 small- hydro plants, a wind farm, as well as a projects’ pipeline from Cube Infrastructure Fund, the existing minority shareholders, and the management team.
White Summit Capital AG (“White Summit Capital” or “WSC”), a specialised energy transition, new energies and infrastructure investor, and Marubeni Corporation (“Marubeni”), a leading global conglomerate headquartered in Tokyo, have entered into a Memorandum of Understanding under which Marubeni will cooperate with White Summit Capital in developing a target of 1GW of industrial scale green hydrogen projects primarily in Spain over the next decade, targeting both national and eventually international markets. White Summit Capital is developing such projects through its vertically integrated green hydrogen subsidiary, HyFive (www.hy5ive.com).
White Summit Capital, the specialised energy transition and infrastructure investor, is delighted to announce the launch of HyFive, a vertically integrated pure-play green hydrogen Company.
HyFive (www.hy5ive.com), which is headquartered in Bilbao (Basque Country, Spain), will develop industrial scale, ultra-competitive green hydrogen and green ammonia facilities throughout Southern Europe, starting in Spain. Its products will be commercialised in the local and international markets.
This initiative will contribute to decarbonising industry, energy generation and mobility in the area, promoting long-term employment
The project enables Andalusia to take advantage of its vast renewable resources available for green hydrogen production
Algeciras, 21st June 2021. Fisterra Energy, Enagás and White Summit Capital have put forward a project for a green hydrogen production plant in the Bay of Algeciras, Spain, with an installed capacity of 237 MW. This facility will supply green hydrogen to local industry, including large consumers of hydrogen and natural gas.
WSC is pleased to announce that NorteGas has successfully issued a €550m 10-year bond, which was launched in parallel to a tender offer for the outstanding 2022 bonds.
NorteGas was one of the first corporates to inaugurate the bond market in 2021 and demand was strong. The bonds ended up almost 6x oversubscribed, with a final coupon of 0.905%.
This a clear sign that the market is very supportive of Nortegas’ credit, which underpins the investor community’s belief in the strategic role of gas infrastructure within energy transition.
This refinancing will allow NorteGas to continue pursuing its strategic plan, which has as its key pillars to promote decarbonisation and sustainability.
NorteGas is the second largest gas distribution company in Spain with 8,241 km of gas networks and over one million end-users, which it supplies with natural gas and LPG, in the Basque Country, as well as in Cantabria and Asturias.
