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Ashtrom Renewable Energy Completes Financial Close for Another Renewable Energy Project in the U.S.
Ashtrom Renewable Energy, a global independent power producer and renewable energy developer and subsidiary of Ashtrom Group Ltd., announced today signing of an approximately $200 million financing agreement with BHI, the U.S Branch of Bank Hapoalim, B.M., for the construction of a new solar project El Patrimonio located near San Antonio, Texas.
About this update from Bank Hapoalim Bm
[{"type":"text","content":"SAN ANTONIO, March 12, 2026 /PRNewswire/ -- Ashtrom Renewable Energy, a global independent power producer and renewable energy developer and subsidiary of Ashtrom Group Ltd., announced today signing of an approximately $200 million financing agreement with BHI, the U.S Branch of Bank Hapoalim, B.M., for the construction of a new solar project El Patrimonio located near San Antonio, Texas.","length":391,"tagName":"p"},{"type":"image","alt":"Ashtrom Renewable Energy","displaySize":"","headline":null,"caption":"Ashtrom Renewable Energy","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":147,"url":"https://media.zenfs.com/en/prnewswire.com/124212608a5f597467fe4bcff6648d86"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3oMHwVnOi7rDwhwaJPyLXg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI1OTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/124212608a5f597467fe4bcff6648d86","width":400,"height":147}},"href":"https://mma.prnewswire.com/media/2931781/AshtromEnergyLogo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Construction of the El Patrimonio Project began in 2025 and is expected to be completed in 2027. Once operational, the project is projected to supply electricity to approximately 37,000 households and reduce carbon emissions by about 170 tons annually.","length":252,"tagName":"p"},{"type":"text","content":""The completion of the financial close for this project represents an important milestone in the company's activity in the United States," said Yitsik Mermelstein, CEO of Ashtrom Renewable Energy. "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."","length":496,"tagName":"p"},{"type":"text","content":""The renewable energy sector represents a long-term pillar of BHI's growth strategy," said Gil Karni, CEO of BHI. "BHI has made a deliberate commitment to building a specialized team backed by deep sector expertise, strong capital capacity and a clear strategic mandate to help support the ongoing growth and scaling of this industry and we plan on continuing to work both with Israeli-affiliated borrowers a...