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Ormat (ORA) Secures 20 YR Geothermal Energy Deal With Nevada Power
Ormat Technologies (ORA) is announcing this morning that one of its subsidiaries has secured a 20-year power purchase agreement with Nevada Power Company to purchase 30MW from the McGinness Hills Geothermal project, which is currently under construction and expected to come online in about two years.
Once the McGinness project is completed and running at full speed, Ormat will provide roughly 135MW of geothermal power to Nevada Power, which will get the utility into compliance with renewable energy requirements.
More on this topic
(What's this?)
How to Profit From the Geothermal Energy Push
(Money Morning, 2/10/10)
A Hot Future for Geothermal
(Contrarian Profits, 12/11/09)
Geothermal Energy: The Stars are Aligning for this Super-Green Resource
(Investment U, 2/5/10)
Chinese Lead African Geothermal Exploration
(Green Chip Stocks, 11/25/09)
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