Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New Zealand
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: GlobeNewswire
RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy technology company, today announced that it has reached an understanding with Contact Energy to sign an Engineering, Procurement, and Construction (EPC) contract for the development of the Te Mihi Stage 2 101MW geothermal power plant in New Zealand. The EPC contract, valued at approximately $200 million, is expected to be signed following the approval received today by Contact Energy’s Board of Directors. Te Mihi Stage 2 geothermal power plant is expected to be completed by mid-2027. This significant agreement marks Ormat’s fourth large project in New Zealand currently under development and is expected to replace, in stages, the 1950’s-built Wairakei geothermal power station. This agreement highlights Ormat’s advantages in developing binary technology, which is also suitable for high enthalpy geothermal reservoirs. Subject to final investment decision, Conta
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- Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand [Yahoo! Finance]Yahoo! Finance
- Ormat Tech reaches deal with Contact Energy to develop New Zealand geothermal power plant [Seeking Alpha]Seeking Alpha
- Ormat Technologies Announces Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New Zealand [Yahoo! Finance]Yahoo! Finance
- Ormat Technologies Announces Successful Monetization of 40% Investment Tax Credit for Bottleneck Energy Storage FacilityGlobeNewswire
- Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
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- 11/6/24 - Form 8-K
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