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).
Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, and its Indonesian joint venture partners have completed the acquisition of Chevron Corp.’s geothermal assets and operations in Indonesia
South America’s first geothermal power plant Cerro Pabellón, which was built by the Enel Group’s renewable energy subsidiary Enel Green Power Chile Ltda. and Chile’s state-owned hydrocarbons company Empresa Nacional del Petróleo, has started delivering electricity to the Norte Grande Interconnected System that serves northern Chile.
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Plurinational State of Bolivia in La Paz to provide a Japanese ODA loan of up to JPY61.485 billion (US$552.53 million) for the Laguna Colorada Geothermal Power Plant Construction Project (Second Stage).
The shareholders of Fonroche, a key player in the renewable energy sector, have announced the spin-off of the company’s businesses into two separate groups.
The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.
The Asian Development Bank (ADB) has signed a US$109 million project financing package for the 80 MW Muara Laboh geothermal power generation plant located in western Indonesia.
Ormat Technologies sells 36.75% Equity Interest in the Second Phase of the Don A. Campbell Geothermal Power Plant
Ormat Technologies has announced that its wholly-owned subsidiary, Ormat Nevada, closed a follow-on equity transaction with Northleaf Capital Partners.
Ormat Technologies, Inc. has announced that its subsidiary entered into a 25-year Power Purchase Agreement with Southern California Public Power Authority to deliver electricity from its Ormesa geothermal complex in Imperial Valley, California beginning November 30, 2017.
Ormat Technologies, Inc. has announced that ORNI 47 LLC successfully issued and sold US$92.5 million in aggregate principal amount of its 4.03% Senior Secured Notes due 2033.
The Ministry of Energy and Mineral Resources of the Republic of Indonesia, has launched a three tender processes to seek private developers for geothermal projects.
Tata Power's wholly owned subsidiary Tata Power International Pte Limited and ICICI Venture has announced the creation of a platform company to facilitate investment in power projects in India in the coming two-three years, which are in advanced stages & near operational readiness or operating.
The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved support for new development projects totaling just over US$1 billion.
Toshiba Corporation has concluded a memorandum of understanding (MOU) with Office Djiboutien de Développement de l'Energie Géothermique (ODDEG) that envisages a comprehensive collaboration in the geothermal power generation business.
Xped Limited has announced it has entered into a Conditional Sale and Purchase Agreement (CSPA) with Singapore based KS Orka Renewables Pte Ltd (Orka).
Enel Green Power (EGP), in consortium with PT Optima Nusantara Energi (PT ONE), has been awarded the right to hold the license to explore geothermal resources and develop the 55 MW Way Ratai geothermal power project in the Way Ratai area, in Indonesia’s Lampung province.
Ormat announces closing of acquisition of the Bouillante Geothermal Power Plant in the Island of Guadeloupe
Ormat Technologies, Inc. has announced it has closed its previously announced acquisition of Geothermie Bouillante SA. GB owns and operates the 14.75 MW Bouillante geothermal power plant located in Guadeloupe Island, a French territory in the Caribbean. The Bouillante plants currently generate approximately 10 MW with an expansion potential to up to 45 MW of capacity.
Landsvirkjun and the Nordic Investment Bank (NIB) have signed a US$ 50 million long-term loan agreement without a guarantee of collection for the construction of the Theistareykir project.
The European Investment Bank (EIB) has signed a €125 million (US$142 milion) loan agreement with Landsvirkjun, the National Power Company of Iceland, to finance a new geothermal power station and its geothermal wells at Theistareykir, near Húsavik in north-eastern Iceland.