Stark Power Secures $85 Million Credit Facility from Bank Hapoalim to Fund U.S. Power Acquisitions

The facility supports the acquisition of operating utility-scale power assets and the initial construction of projects ahead of financial close

TEL AVIV, Israel, Sept. 28, 2026 /PRNewswire/ -- Stark Power Ltd. (TASE: STRK), a developer and acquirer of utility-scale power plants and powered land infrastructure in the United States, today announced it has signed an $85 million financing agreement with Bank Hapoalim, one of Israel's largest banks.

Proceeds will be used to acquire operating utility-scale power assets in the U.S. and to fund the acquisition and construction of projects ahead of financial close.

The financing significantly enhances Stark's financial capacity, allowing Stark to pursue opportunities across the investment lifecycle, from late-stage development projects through operating assets, and to act expeditiously on ongoing transactions while preserving capacity for additional ones.

"This facility provides us with the financial flexibility to execute on our current pipeline and it positions us for what comes next," said Michael Avidan, Chief Executive Officer of Stark Power. "We see a strong set of opportunities in operating assets and late-stage projects in the U.S. With Bank Hapoalim's support, we can move faster and with greater certainty when the right opportunities emerge."

"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 of Bank Hapoalim and Head of the Corporate Banking Division. "We are actively financing power projects in the U.S. and Europe and are committed to backing Israeli companies as they scale internationally."

About Stark Power

Stark Power Ltd. (TASE: STRK) is a power plant and powered land infrastructure development company focused on the U.S. market. Founded by former senior executives of Enlight Renewable Energy and Nofar Energy, the Company pursues large-scale opportunities at the intersection of power generation and digital infrastructure, leveraging deep experience in power development, capital markets, and project execution.

SOURCE Stark Power Ltd.