Ormat Technologies Signs 10 MW Solar PPA

Ormat Technologies Inc., a vertically integrated company primarily engaged in the geothermal and recovered energy power business, has signed a power purchase agreement (PPA) with the Imperial Irrigation District (IID) for 10 MW of solar photovoltaic energy.

The project, Ormat's first independent PV project in the U.S., will be located near the Heber geothermal complex in Imperial Valley, Calif. Ormat will develop, own and operate the solar project, with the IID purchasing the power generated under a 20-year PPA. Construction is anticipated to begin this year, and commercial operation is expected within 18 months, subject to timely completion of the interconnection.

The project will generate approximately 24,500 MWh annually, according to Ormat.

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