Castleton Commodities International and White Summit Capital completed the acquisition of Amorebieta Power Plant from Arclight Capital Partners/

Castleton Commodities International and White Summit Capital, completed the acquisition of a combined cycle power plan located in the industrial hub of Bilbao, in the Basque Country, in Spain, from Arclight Capital Partners. Following the acquisition, CCI will own or operate approximately 4.7k megawatts of power generation globally. Financial terms were not disclosed. The Amorebieta plant is a 786 megawatt 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 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," Arie Pilo, CCI's European Power Investments business Head.