WE INVEST IN PROJECTS AND ENTERPRISES

COMPANIES WHICH EXEMPLIFY OUR INVESTMENT PHILOSOPHY

White Summit Capital invests and manages companies in some of the sectors most
relevant to today’s ever-changing world: energy and infrastructure.

Grupo EasyCharger is one of the leading EVCI operators in Spain. With more than 60 charging points installed in strategic locations throughout the country, this company is currently focused on fast chargers and owns a cutting-edge software including a route planner and a user-friendly interface. Grupo EasyCharger is part of agreements with top-tier players in the industry, such as Nissan or Galp, which seamlessly complement its own charging network.

Investment Year
2021
Description
Leading EVCI operator in Spain with 60 charging points installed, focused on fast chargers and with agreements with Nissan and Galp
Investment Type
In operation
Location
Spain
Sector
EV Charging Infrastructure
Co-Investors
Management Team
Deal Size
N/A
Current Status
Greenfield

HyFive is a vertically integrated pure-play green hydrogen company. The company, which is headquartered in Bilbao, 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. HyFive will operate across the entire chain of production, including production, transportation, storage and commercialisation of green hydrogen and related green energy products such as ammonia and biofuels.

Investment Year
2021
Description
Vertically integrated green hydrogen company
Investment Type
Development / Majority
Location
Spain
Sector
New Energy
Co-Investors
Marubeni
Deal Size
N/A
Current Status
Greenfield

Two Solar PV plants totalling 155MW of operating solar capacity. Las Viborillas, (130MWp) in Jalisco and San Ignacio (25MWp) in the Yucatán Peninsula.

Investment Year
2020
Description
Two Round I Solar PV plants in Mexico
Investment Type
Operating / Majority
Location
Mexico
Sector
Renewables
Co-Investors
Riverstone
Deal Size
Undisclosed
Current Status
Operational

Amorebieta is a 786 MW natural gas-fired CCGT plant located in the industrial hub of Bilbao, in Spain. It 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.

Investment Year
2019
Description
786 MW natural gas-fired CCGT in Bilbao
Investment Type
Operating / Majority
Location
Spain
Sector
Power Generation – Combined Cycle Gas Turbine
Co-Investors
Castleton Commodities International
Deal Size
Undisclosed
Current Status
Operational

One of the first large scale (183MW) grid-parity Solar PV plant in Europe with downside protection and preferential return.

Investment Year
2018
Description
One of the largest Solar PV plants with downside protection and preferential return.
Investment Type
Under Construction / Joint Venture
Location
Spain
Sector
Renewables
Co-Investors
Ardian
Deal Size
€126m (FV)
Current Status
Operational

The 2nd largest natural gas and LPG distribution company in Spain, with over 8,000 km of gas pipeline and over 1 million natural gas and LPG connection points. Nortegas is present in the Basque Country, Asturias and Cantabria. White Summit Capital and a consortium of investors purchased 100% of Nortegas from Portuguese utility EDP in July 2017 for a total FV of €2.5bn. Upon acquisition, Nortegas issued investment grade bonds totalling €1.3bn, which became the largest inaugural bond issuance in Spain by a non-blue chip company.

Investment Year
2017
Description
2nd largest regulated natural gas distribution company in Spain
Investment Type
Brownfield / Majority Investment
Location
Spain
Sector
Natural Gas Distribution
Co-Investors
Institutional Investors advised by J.P. Morgan Asset Management, ADIC, Swiss Life Asset Managers, Other Swiss Institutional Investors.
Deal Size
€2.5bn (FV)
Current Status
Operational

A 50-year PPP project of managed lanes in Charlotte (North Carolina) comprising a 26-mile stretch alongside Interstate 77. The project uses dynamic tolling, which regulates real-time toll segment prices 24 hours a day. This ensures a minimum speed of 45 mph, thereby managing traffic flow and decreasing congestion. White Summit Capital and a consortium of investors own a 30% stake in the project. Total project cost was US$650m. Cintra Infraestructuras, one of the largest transportation infrastructure operators in the world owns a 50% stake in the project.

Investment Year
2015
Description
26-mile urban managed lane in Charlotte
Investment Type
Under Construction / Minority
Location
USA
Sector
Toll Roads
Co-Investors
Cintra, John Laing, Aberdeen and Other Institutional Investors
Deal Size
$700m (FV)
Current Status
Realised