Ormat Technologies 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.
Under the agreement, Ormat paid $271 million for 100% of the equity interest in the portfolio assets that include two contracted operating geothermal power plants and one triple hybrid geothermal, solar PV and solar thermal power plant with a total geothermal capacity of approximately 40 MW and solar PV of 20 MW, two solar assets with a total nameplate capacity of 40 MW and two greenfield development assets.
The overall transaction was funded through available cash, in combination with $200M newly issued long-term corporate debt.
“The acquired assets will be immediately accretive to Ormat’s profitability, and we expect to improve the generation, revenues and EBITDA performance through a series of value-enhancement initiatives, including the integration of Ormat’s own state-of-the-art equipment,” says Doron Blachar, CEO of Ormat.
“We look forward to integrating these attractive geothermal and solar assets into our existing portfolio and translating our results into enhanced shareholder value creation in both the near-and long-term. This deal serves as a testimony to our team’s execution as well as Ormat’s position as a leader in the renewable energy space, while reflecting our ongoing commitment to advancing renewable power solutions, globally.”
The post Ormat Completes Asset Acquisition From EGPNA appeared first on Solar Industry.
Here’s an ultra-right-winger who thinks that his voters are so stupid that they’ll believe that U.S. courts are routinely sentencing thieves to have their hands amputated.
We have huge problems in this country, but the “onslaught” of Sharia Law isn’t one of them.
This is a fine example of the decay of American education. Think back to when you were in junior high school. If someone said something like this, wouldn’t you have asked, “Are you serious? Radical Islam has usurped the U.S. Constitution? Can you provide any evidence to support this?
Now, we accept it, because some Trump supporter in congress tells us it’s true.
Forget about the Epstein files and the overt corruption in the White House. Let’s focus on Sharia Law.
What the boob at left is saying is partially true, in that only some people in the rest of the world are laughing at the United States.
The vast majority of people I meet from other countries are crying, not literally, but they almost uniformly express their astonishment and profound sorrow that the former envy of the world could have been reduced to a banana republic — and in such a short period of time.
It’s hard to understand how someone can be so apathetic that they sit out an election where what’s at stake is American democracy.
Suppose you’re one of the idiots who believes that Trump is an honest and effective leader, that the 2020 election was rigged, etc. Wouldn’t you go vote for the Republicans in the midterms?
Suppose you understand that Trump is a pathological liar who has wreaked great damage on our nation. Wouldn’t you want to vote against the Republicans?
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