geothermal power plant News

  • Ormat to Acquire Geothermal Power Plant in the Island of Guadeloupe

    Ormat Technologies, Inc. (NYSE:ORA) announced today it has signed a binding Memorandum of Understanding (MOU) to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around €52 million (approximately $56 million USD, based on current foreign currency exchange rates). GB owns and operates a 14.75 MW geothermal power plant and owns two ...


    By Ormat Technologies, Inc.

  • Ormat Technologies commences operation of 36 MW Geothermal Power Plant in Kenya

    Ormat Technologies, Inc. (NYSE: ORA) announced today that it reached commercial operation of Plant 2 in the Olkaria III complex in Naivasha, Kenya, increasing the company’s total generating capacity by 36 MW to 611 MW worldwide. Ormat also plans to add an additional 16 MW of generation at Olkaria III by building a third plant, which it expects to complete in 2014. Once Plant 3 is complete, ...


    By Ormat Technologies, Inc.

  • Indonesia`s PERTAMINA to Invest US$2.5 Billion in Geothermal Power Plants

    State Oil and Gas Company PT PERTAMINA (www.pertamina.com/en) has set aside Rp33 trillion or US$2.5 billion for investment in geothermal power plant development through 2019. President Director of Pertamina Dwi Soetjipto said here in a release on Sunday that the investment fund will be used to enhance the capacity of the geothermal power plants from 505 Megawatt to 907 Megawatt by 2019. "We have ...


    By Japan Corporate News - JCN

  • One of the World`s Largest Geothermal Power Plants Commences Commercial Operation

    Toshiba Corporation (TOKYO: 6502) and Ormat Technologies Inc. (NYSE: ORA) today announced that the first unit of the Sarulla geothermal power plant, one of the world's largest power plants, located in Indonesia's North Sumatra, has commenced commercial operation. The approximately 110 MW power plant, which combines flash and binary technologies to provide a high efficiency power plant and 100% ...


    By Ormat Technologies, Inc.

  • Ormat Signs Agreement for North American Geothermal Power Plant Project

    Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., its wholly owned subsidiary, was selected to supply a $61.2 million engineering, procurement and construction (EPC) contract through a competitive bid process.  Under the expected EPC contract, which is currently under negotiation, Ormat will ...


    By Ormat Technologies, Inc.

  • SAIC Awarded $22 Million Contract to Help Build Geothermal Power Plant

    Company to Provide Engineering, Procurement and Construction Services to San Emidio Project in Nevada MCLEAN, Va. - Science Applications International Corporation (SAIC) (NYSE: SAI) today announced it was awarded a contract by USG Nevada LLC, a wholly-owned subsidiary of U.S. Geothermal Inc., a leading renewable energy company, to provide engineering, procurement and ...


  • McGinness Hills Phase 2 Geothermal Power Plant Begins Commercial Operation

    Ormat Technologies, Inc. (NYSE: ORA) announced today that the second phase of its McGinness Hills geothermal power plant located in Lander County, Nevada has begun commercial operation. Since February 1, 2015, the complex sells electricity under the amended Power Purchase Agreement with NV Energy at a new energy rate of $85.58/MWh with a 1 percent annual escalator through December 2032. The ...


    By Ormat Technologies, Inc.

  • Ormat Signs Definitive Agreements to acquire Geothermal Power Plant in the Island of Guadeloupe

    Ormat Technologies, Inc. (NYSE:ORA) announced today it has signed an Investment Agreement and Shareholders Agreement with Sageos holding (Sageos), a fully owned subsidiary of Bureau de Recherches Géologiques et Minières (BRGM), the French governmental geological survey company, to acquire, gradually, 85% of Geothermie Bouillante SA (“GB”). GB owns and operates the ...


    By Ormat Technologies, Inc.

  • Ormat announces commercial operation of Mcginness Hills Geothermal Power Plant

    Ormat Technologies, Inc. (NYSE: ORA) announced today that its McGinness Hills geothermal power plant located in Lander County, Nevada met the requirements for commercial operation under the OFC 2 Senior Secured Notes. The 30-megawatt (net capacity) power plant has been in full operation since June 15, 2012, selling the renewable electricity to NV Energy under a 20-year power purchase agreement at ...


    By Ormat Technologies, Inc.

  • Success with Enhanced Geothermal Systems Changing the Future of Geothermal Power in the U.S.

    Ormat Technologies, Inc. (NYSE: ORA), the U.S. Department of Energy and GeothermEx successfully produced 1.7 additional megawatts from an Enhanced Geothermal System (EGS) project inside an existing wellfield in the U.S. This is the first EGS project to be connected to the electricity grid. Using innovative subsurface ...


    By Ormat Technologies, Inc.

  • Geothermal Power Asia Congress 2013 to See More Successful Geothermal Projects

    Indonesia, projected to be the World’s 7th largest economy by McKinsey & Company by 2050, has witnessed a stable 6% GDP Growth over the past years. Bestowed with nearly 40% of the world’s geothermal potential, it is now on a fast track to expand its renewable energy capacity by increasing its geothermal installed capacity to 6,000MW by 2015 and provide 25% of national energy ...


  • Germany - 25 MW Power Station with Geothermics

    Before the end of the decade Germany's biggest geothermic power station, with a capacity of 25MW per year, should come into operation in Brandenburg. 250 million euros have been invested to produce electricity from volcanic rocks 5000 metres below the ground. The plant will be built by Enro AG of Essen, while the scientific backing is provided by the Bochum Geothermics Centre (GZB), a research ...


  • Geothermic power station opens in Landau, Germany

    The first geothermic power station in Germany, which can be operated on an industrial scale all the year round, was officially opened on 22 November, in the presence of a number of politicians. 'This power station will encourage geothermic power generation in Germany. It's a decisive way of promoting our strategy for the development of renewable energy sources,' said Astrid Klug, secretary of ...


  • The power within – geothermal energy comes of age

    Next week hundreds of energy experts from around the world will gather in Vancouver to discuss one of the least understood, but potentially the most powerful forms of clean energy. They will be attending the Third Annual Conference and Trade Show of the Canadian Geothermal Energy Association (CanGEA). Geothermal means earth-heat. Its origins stem from the very formation of our planet, in ...


    By GLOBE SERIES

  • Ormat successfully completed the Ngatamariki Geothermal Plant

    Ormat Technologies, Inc. (NYSE: ORA) announced today that it has successfully completed the 100 MW installed capacity Ngatamariki geothermal power plant in New Zealand under the $142 million Supply and Engineering, Procurement and Construction (EPC) contracts signed with Mighty River Power (MRP) in June 2011. Mighty River Power’s modular Ngatamariki geothermal power plant is the largest ...


    By Ormat Technologies, Inc.

  • Ormat Technologies Signs EPC Contract with Enel Green Power North America for Cove Fort Geothermal Power Plant Project

    Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly owned subsidiary, Ormat Nevada Inc., concluded and signed a $61.4 million engineering, procurement and construction (EPC) contract with Enel Green Power North America. Under the EPC contract, Ormat will provide two air-cooled Ormat Energy Converters at Enel’s Cove Fort geothermal power plant project in southern Utah. As ...


    By Ormat Technologies, Inc.

  • Geothermal Awards Announced

    The Geothermal Resources Council (GRC), the world’s premier geothermal association, has announced awards honoring the best and brightest of the global geothermal energy community. These prestigious awards have been a highlight of the geothermal calendar since the late 1970's. The GRC will present its prestigious Aidlin, Pioneer, Henry J Ramey Jr., Ben Holt, and Special Achievement ...

  • Geothermal Energy Awards Announced

    The GRC will present the prestigious Aidlin, Pioneer, Henry J Ramey Jr., Ben Holt, and Special Achievement awards at its Annual Membership Meeting & Awards Luncheon, the climax to the GRC Annual Meeting, at the Peppermill Resort Spa Casino on Wednesday, September 23. "The recipients of these awards have a lifetime of achievement in the geothermal ...


    By Geothermal Resources Council

  • Ormat Technologies, Inc. Announces Partnership Transaction Of Eight Geothermal Power Plants Valued At Up To $44.4 Million

     Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., a wholly-owned subsidiary (Ormat Nevada), and JPM Capital Corporation (JPM) entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada.   Under the transaction, Ormat Nevada ...


    By Ormat Technologies, Inc.

  • Ormat Signs Power Purchase Agreement for Second Phase of Don A. Campbell Geothermal Plant in Nevada

    Ormat Technologies, Inc. (NYSE: ORA) announced today that its subsidiary entered into a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) for interstate delivery of electricity from the second phase of Don A. Campbell in Mineral County, Nevada. Under the terms of the PPA with SCPPA, the second phase of the Don A. Campbell project will receive a rate of ...


    By Ormat Technologies, Inc.

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