Following the acquisition of the c. 100MW portfolio in December 2021, Rainergy has completed the refinancing of its outstanding debt through the issuance of an innovative five-year financing package.
Rainergy’s portfolio benefits from a strong geographic diversification, a long operating track record and a mix of regulated, merchant and contracted revenues under a five-year PPA signed with AXPO in January 2023. This, combined with the portfolio’s great potential for solar PV and wind hybridization, strongly mitigates the business’s volatility while providing extremely attractive risk-adjusted returns, which in turn led to considerable demand from financing institutions.
WSC is delighted to announce the hiring of three industry specialists to strengthen our Energy Transition practice.
Ignacio Asensio joins the firm as Managing Director of the New Investments Division and Member of the Executive Committee, initially be based in London. Ignacio was the former Head of Origination and Execution in the EMEA region, for Cubico Sustainable Investments. He was part of the team that span-off Cubico from Banco Santander and brings a breadth of hands-on experience…
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.