BHI Provides BrightNight with $25MM in Financing

BHI, the U.S. branch of Bank Hapoalim and a full-service commercial bank, is partnering with Bank Hapoalim on a loan which will provide $25 million in financing to BrightNight, a renewable power company designed to provide utility and commercial and industrial customers with clean, dispatchable renewable power solutions._x000D_
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“The growing renewable energy sector is becoming a cornerstone of our global economy, and through BHI’s commitment to financing these developments, we’re investing in how this sector can build a more innovative and sustainable world for generations to come,” Gal Defes, first senior vice president, head of international C&I, high tech and corporate banking services at BHI, said. “The volume and velocity of demand we’ve seen across this sector is exciting and we’re eager to continue deploying capital that can help construct a brighter future.”_x000D_
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“BHI and Bank Hapoalim are experienced and accessible partners who are passionate about financing compelling developments in this sector that help accelerate the scale and adoption of renewable energy projects aimed at impacting and improving our society,” Brian Boland, chief financial officer of BrightNight, said.