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BHI Provides $40 Million Guarantee Framework to Support Doral Renewables' US Clean Energy Projects
BHI, Bank Hapoalim's US commercial arm, is providing a $40 million guarantee framework to support Doral Renewables' development of renewable energy projects in the US.
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What happened
- 01BHI grants $40 million guarantee framework to support Doral Renewables' US projects.
- 02Doral Renewables is part of Doral Energy Group, traded on the Tel Aviv Stock Exchange.
- 03BHI operates in the US with branches in NY, CA, FL, and NJ, focusing on commercial sectors including renewable energy.
- 04The financing aims to accelerate advanced-stage renewable projects and lower construction costs.
- 05BHI has provided nearly $1 billion in credit to the renewable energy sector over two years.
- 06Doral Energy's project pipeline totals about 18.6 GW DC with 13.1 GWh storage, mainly in the US and Europe.
This partnership aims to accelerate project development and reduce construction costs, reinforcing a longstanding collaboration between the two companies.
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