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Stock impact report

Ashtrom secures $200m in financing for Texas solar project [Yahoo! Finance]

BANK HAPOALIM B.M. S/ADR (BKHYY) 
NASDAQ:AMEX Investor Relations: bankhapoalim.com/wps/portal/int/lobbyir
Company Research Source: Yahoo! Finance
Ashtrom Renewable Energy has secured a financing agreement worth approximately $200m with BHI, the US branch of Bank Hapoalim, for the El Patrimonio solar project near San Antonio, Texas. The company began building the facility in 2025 and expects to complete the project by 2027. Once operational, El Patrimonio is expected to supply electricity to an estimated 37,000 households and reduce carbon emissions by roughly 170 tonnes per annum (tpa). Ashtrom Renewable Energy CEO Yitsik Mermelstein said: “The completion of the financial close for this project represents an important milestone in the company's activity in the US. “This agreement demonstrates the confidence in leading financial institutions in Ashtrom Group's ability to expand and deepen its presence in the renewable energy market in the US as we continue to position our company as a leading player in the renewable energy sector.” At the time of financial close, the company entered into a separate agreement with a ma Show less Read more
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