Ashelim Thermo-Solar Project In Negev Raises NIS 2.35B

June 30, 2014 | According to “Globes,” the Ashelim thermo-solar project in the south of Israel raised NIS 2,350,000,000. The funding round was led by Bank Hapoalim, the European Investment Bank as well as Israel Discount Bank, First International Bank of Israel, Mizrahi Tefahot Bank, Union Bank of Israel, Harel Insurance Investments, Menorah Mivtachim Holdings, Psagot Investments, and Phoenix Holdings. The institutions closed the funding agreement with the owners of the Israel’s first thermo-solar field, Magalim Solar Energy, BrightSource Energy, and the Noy fund.