Stark Power lands $85M credit facility to buy US power plants
What's the deal? Stark PowerDealroom has a profile for this one. Try Dealroom → (TASE: STRK), an Israeli developer and acquirer of utility-scale power plants in the US, has signed an $85 million financing agreement with Bank HapoalimDealroom has a profile for this one. Try Dealroom →, one of Israel's largest banks. The debt facility, announced September 28, 2026, will fund the acquisition of operating power assets and early-stage construction ahead of financial close.
What's the endgame? Founded by former senior executives of Enlight Renewable Energy and Nofar EnergyDealroom has a profile for this one. Try Dealroom →, Stark targets opportunities at the intersection of power generation and digital infrastructure. The company pursues assets across the investment lifecycle, from late-stage development projects through operating plants.
Why now? Stark says the facility lets it move faster on transactions already in its pipeline while preserving capacity for new ones. "This facility provides us with the financial flexibility to execute on our current pipeline and it positions us for what comes next," said chief executive officer Michael Avidan.
He added that Stark sees "a strong set of opportunities in operating assets and late-stage projects in the U.S."
What's Bank Hapoalim's play? The bank frames the deal as a bet on Israeli companies expanding abroad. "Stark Power's team has a proven track record, and this transaction marks a step change for the company in the U.S. market," said Shmulik Arbel, deputy CEO and head of the corporate banking division. He noted the bank is "actively financing power projects in the U.S. and Europe."
The signal: The financing reflects growing appetite for utility-scale power tied to digital infrastructure, and shows Israeli lenders and developers chasing US energy assets as demand climbs.
Read more: prnewswire.com
Image credit: Michael R Perry
