Bizkaia Energía

Type
Generation Transition to Low Carbon – Brownfield/Greenfield
Investment Date
2020
Jurisdiction
Spain
Status
Exited

Description

In 2020, White Summit Capital acquired Bizkaia Energía, an 800 MW gas-fired power plant. The regional Basque government approached WSC to help ensure continuity for the plant, a key source of energy stability and a significant employer in the local area.

This plant is a critical infrastructure asset for both the Spanish and local electrical systems. It is strategically located less than 20 km from Bilbao, Spain, and is connected to major load centres via a 400 kV transmission substation. Additionally, the plant offers potential for decarbonisation through the blending of renewable gases.

WSC then designed and executed a cost-efficient green hydrogen project, repurposing existing infrastructure for hydrogen generation. This involved blending green hydrogen into the turbines, further enhancing the plant’s sustainability.