Our firm represents the concessionaire awarded the BOT concession for the design, finance, construction, operation, maintenance and transfer of a 121MW Solar Energy Thermal Power Station in Ashalim, Israel.
The project utilizes unique and ground breaking “Tower Technology”, similar to that used at the Ivanpah project in Southern California, USA, and is one of the few projects in the world to use such technology.
The EUR 800 million multi currency financing was provided by the European Investment Bank, Bank Hapoalim B.M. and other financial institutions.
The transaction also included a 49.9% equity and mezzanine loan investment by a leading infrastructure fund.