Nofar USA closes acquisition of solar energy assets from Pine Gate Renewables

Type: Acquisition · Technology: Solar, Storage · Country: United States · Value: $255M · Announced: 2024-07-18

Nofar USA (a subsidiary of Nofar Energy) completed the acquisition of more than 1 GW of operating and in-development solar assets from Pine Gate Renewables, financed with $255 million of acquisition financing from Bank Hapoalim.

Counterparties

• Bank Hapoalim (Lender)
• Pine Gate Renewables (Seller)
• Nofar USA (Nofar Energy subsidiary) (Buyer)

Source article

📈 The Sherpa Signal — one notable infrastructure deal a day.

📘 Sherpa Guides — practitioner guides to developing, financing and acquiring infrastructure.