Ormat acquires geothermal power plant in the Island of Guadeloupe

Reno, USA - Ormat Technologies, Inc. announced it has signed an Investment Agreement and Shareholders Agreement with Sageos holding (Sageos), a fully owned subsidiary of Bureau de Recherches G

GB owns and operates the Bouillante geothermal power plant. This plant currently generates approximately 10 MW, and owns two exploration licenses with a total additional potential capacity of up to 30 MW, all located in Guadeloupe Island, a French territory in the Caribbean.

At closing, expected in the second quarter, Ormat will pay approximately

Source: IWR Online, 15 Mar 2016