News / Ormat secures first portfolio PPA for 150 MW of geothermal capacity

Ormat secures first portfolio PPA for 150 MW of geothermal capacity

🕔 June 8, 2017
BNDES signs US$450 million financing for LNG-fired power plant

Ormat Technologies, Inc. has announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the Company, and Southern California Public Power Authority (SCPPA). Under the PPA, SCPPA will purchase 150MW of power generated by a portfolio of the company's new and existing geothermal power plants. SCPPA will resell the entire output to the Los Angeles Department of Water and Power (LADWP).


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