Ormat acquires Guatemala’s El Ceibillo geothermal project

U.S. Geothermal will be acquired by Ormat Technologies Inc., with the transaction expected to be finalized in Q2 2018. U.S. Geothermal has operating geothermal plants in the Western United States, and projects in the development phase in the same region, as well as the El Ceibillo project located near Guatemala City, Guatemala. This latest acquisition is in line with Ormat’s interest in the Latin American and Caribbean region, following its 2016 purchase of the Bouillante geothermal plant, the only operating Caribbean geothermal project, located in Guadeloupe.