ORA - Mergers and acquisitions

Strategic Acquisition Advances Ormat's Electricity Segment Growth Plans and Further Strengthens its Presence in the U.S. Renewable Energy SectorIncreased Ormat Electricity Segment Generating Portfolio to 1,215 MWAssets Located in Nevada, Utah, Connecticut and California RENO, Nev., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), a leading renewable energy company, announces that it has closed the previously announced acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America (EGPNA), a subsidiary of Enel SpA (ENEL.MI, LLC). Under the agreement, Ormat paid $271 million for 100% of the equity interest in the portfolio assets. Th

RENO, Nev., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced that it has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas. Ormat acquired the asset from Con Edison Development. Ormat’s wholly owned subsidiary, Viridity Energy Solutions Inc., will design, build, own and operate a 25 MW battery energy storage system (BESS) project at the site. The project is co-located with an operational 157 MW solar PV generating facility that is owned and operated by CED Upton County Solar, LLC. Ormat is targeting commercial operation of the BESS before the end of 2021. The BESS facility will provide much needed ancillary servic