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US branch of Israeli bank provides loan for acquisition in energy market

BHI USA, the US division of Bank Hapoalim, is providing a $75 million loan to Ormat Technologies to finance the Group’s acquisition of a subsidiary of Enel Group in the US for $271 million. Ormat Technologies is a leading geothermal company and is the only vertically integrated company engaged in geothermal and recovery energy generation (REG). Its activities are primarily based on the Ormat Energy Converter, a power generation unit that converts low-, medium-, and high-temperature heat into electricity. The company has plans to accelerate its long-term growth in the...
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