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ORMAT TO SIGNIFICANTLY ENHANCE ACQUIRED POWER PLANTS AND POTENTIALLY DEVELOP GREENFIELD ASSET
PROVIDES POTENTIAL SYNERGIES, INCLUDING TRANSMISSION LINE CONNECTING NEVADA AND CALIFORNIA
RENO, Nev., May 24, 2021 (GLOBE NEWSWIRE) Ormat Technologies, Inc. (NYSE:ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-Gen, LLC) to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW (net), a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.
Ormat (ORA) to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With California for $377M streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Ormat buys Nevada geothermal assets for $377m
The two plants in Dixie Valley and Beowawe have total net generating capacity of 67.5 MW.
Israeli geothermal energy company Ormat Technologies Inc. (NYSE: ORA; TASE: ORA announced today that it has entered into a purchase agreement with Terra-Gen subsidiary TG Geothermal Portfolio to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW as well as a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.
Firefighting cattle: Targeted grazing creates firebreaks in cheatgrass hpj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hpj.com Daily Mail and Mail on Sunday newspapers.