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Ormat Completed the Acquisition of TG Geothermal Portfolio, LLC; Increasing Its Total Operating Portfolio to 1.1 GW July 14, 2021 07:15 ET | Source: Ormat Technologies, Inc. Ormat Technologies, Inc. Reno, Nevada, UNITED STATES RENO, Nev., July 14, 2021 (GLOBE NEWSWIRE) Ormat Technologies, Inc. (NYSE: ORA) announces that it has closed the previously announced acquisition of TG Geothermal Portfolio, LLC, paying $171 million for 100% of the equity interests and assumed debt and associated lease obligations with a book value of approximately $206 million as of June 30, 2021. Following the acquisition, Ormat now owns and operates two geothermal power plants in Nevada at Dixie Valley and Beowawe, with a total net generating capacity of approximately 67.5 MW. In addition, Ormat now owns rights to Coyote Canyon, a greenfield development asset adjacent to Dixie Valley with high resource potential and an underutilized transmission line

Dixie valleyUnited statesCoyote canyonDoron blacharSmadar laviRob finkNorton rose fulbrightSouthern california edisonOrmat technologiesOrmat energy converterInvestor relations agency contactExchange commissionOrmat technologies incTg geothermal portfolioNv power incWestern united states