Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand [Yahoo! Finance]
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: Yahoo! Finance
This contract, valued at $200 million, entails the development of the 101-megawatt (MW) Te Mihi Stage 2 geothermal power plant in New Zealand. Te Mihi Stage 2 will gradually replace the outdated Wairakei geothermal station and is slated to be completed by mid-2027. With the effects of climate change becoming increasingly evident, the shift to renewable energy sources like geothermal has increased in recent times to effectively reduce greenhouse gas emissions. Since geothermal plants can provide power to the grid constantly unaffected by weather or daylight, this source of energy serves as a flexible and reliable form of backup power during major electricity outages or disruptions. This is likely to have prompted Grand View Research to forecast a compound annual growth rate (CAGR) of 3.1% for the global geothermal energy market during the 2024-2030 time period. Ormat Technologies, being a forerunner in generating electricity from geothermal energy, stands to gain significantly
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News
- 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 Major EPC Contract With Contact Energy for 101MW Geothermal Plant in New ZealandGlobeNewswire
- 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
ORA
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- 11/6/24 - Beat
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- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- ORA's page on the SEC website