The Online Investor
Utilities M&A image Utilities M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:36 AM Recent mergers and acquisitions in the Utilities M&A category.

Slide #84. Ormat Technologies, Inc. Platanares Geothermal Project in Honduras

Acquirer: Ormat Technologies, Inc. (NYSE:ORA)
Acquiree: Platanares Geothermal Project in Honduras
Details: Ormat Technologies, Inc. (NYSE:ORA) announced today that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotrmica Platanares geothermal project in Honduras from ELCOSA, a privately owned Honduran energy company, upon satisfaction of the required conditions precedent. Ormat will hold the assets under a Build, Operate and Transfer (BOT) structure for approximately 15 years, including the project's wells, land, permits and a Power Purchase Agreement for up to 35 megawatt with ENEE, the national utility of Honduras.

Ormat Technologies is a holding company. Through its subsidiaries, Co. is engaged in the geothermal, and recovered energy power businesses. Co.'s electricity segment develops, builds, owns and operates geothermal, solar photovoltaic and recovered energy-based power plants. Co.'s product segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation and remote power units. Co.'s energy storage and management services segment provide energy storage, demand response and energy management related services as well as services relating to the engineering, procurement, construction, operation and maintenance of energy storage units.

ORA SEC Filing Email Alerts Service


Open the ORA Page at The Online Investor »

Company Name: 
Ormat Technologies Inc
Website: 
www.ormat.com
Sector: 
Electric Utilities
Number of ETFs Holding ORA: 
43
Total Market Value Held by ETFs: 
$737.07M
Total Market Capitalization: 
$4.18B
% of Market Cap. Held by ETFs: 
17.61%
 

Open the ORA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Buy (2.80 out of 4)
18th percentile
(ranked lower than approx. 82% of all stocks covered)

Analysts' Target Price:
ORA Stock Forecast

Based on Zacks ABR data;
powered by Xignite

Utilities M&A - Slide 84 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.