Ormat

Ormat acquires Guatemala’s El Ceibillo geothermal project

January 29, 2018

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 […]

Honduras’ Platanares geothermal project to begin operations this year

May 16, 2017

Honduras will bring 35 MW of geothermal online this year as Ormat’s Platanares project is anticipated to reach commercial operation by the end of 2017. This announcement was made by Isaac Angel, CEO of Ormat Technologies, in his presentation of Q1 2017 earnings and plans for Platanares geothermal project in Honduras. Ormat Technologies is continuing […]

Japans Orix invests in geothermal company Ormat

May 8, 2017

Japanese leasing company Orix decided Thursday to invest about $627 million in an American geothermal technology company, aiming to bring the technology to Asia to tap what it expects to be a growing market. Orix will take a 22.1% stake as early as July in Nevada-based Ormat Technologies, which designs, builds and sells geothermal power […]

Honduras: Geothermal plant in advanced stages of construction

February 1, 2017

Construction of the Platanares geothermal power plant in Honduras is at an advanced stage, according to the advisor to the Honduran Council of Private Enterprise (COHEP ), Solomon Ordonez, and as reported by Honduran newspaper La Tribuna. This will be the first geothermal power plant to operate in Honduras. It is expected to start operating this year. The […]

St. Lucia: Wind, Solar and Geothermal projects to fulfill half of RE target by 2023

January 26, 2017

St. Lucia continues to make progress toward its target of 35% renewables by 2035, says Minister of Infrastructure, Ports, Energy and Labour, Stephenson King. Current projects underway or in the planning stages include a 12 MW wind farm, a 3.2 PV project and a 30 MW geothermal project. “We are also hoping that by the […]

Ormat announces closing of financing of the Bouillante Geothermal Power Plant on Guadeloupe

July 7, 2016

Ormat Technologies will close financing on the recently acquired 14.75 MW Bouillante geothermal power plant in order to expand capacity. Previously owned by Geothermie Bouillante SA the plant currently generates approximately 10 MW of power and an expansion will provide up to 45 MW of additional capacity. The project is a result of an agreement signed […]

Ormat closes $42 refinancing for Amatitlan Geothermal Plant in Guatemala

August 13, 2015

Updates regarding the Amatitlan Geothermal Plant in Guatemala. In their second quarter results report, Ormat Technologies disclosed a $42 million loan agreement to refinance the Amatitlan geothermal plant in Guatemala with Banco Industrial S.A. and its affiliate Westrust Bank. Funding is expected shortly. Here to read the full press release.