Geothermal Market USA: Ormat Extends Power Supply Agreement with SCPPA for 25 Years
Reno, USA – The American energy company Ormat Technologies has announced a 25-year extension of its existing Power Purchase Agreement (PPA) with the Southern California Public Power Authority (SCPPA).
“This previously announced agreement has now received the required approvals, which demonstrates both the promise of geothermal energy and Ormat’s ability to deliver reliable, renewable power at scale,” said Doron Blachar, CEO of Ormat Technologies.
The Heber 1 facility is one of the key pillars of geothermal power supply in Southern California. Following modernization with air-cooled technology, it is part of a plant complex with a total capacity of 91 megawatts.
“This agreement ensures SCPPA Members can continue delivering reliable, affordable, and carbon-free energy to our communities, while advancing California’s clean energy goals”, commented SCPPA Executive Director Daniel E. Garcia on the contract signing.
“IID continues to be a longtime, strong supporter of renewable energy development in the Imperial Valley for the clean power it provides, and we fully support Ormat’s work to continue this”, added Gina Dockstader, Chairwoman of the IID Board.
The Southern California Public Power Authority (SCPPA) is a joint powers authority founded in 1980, dedicated to the joint planning, financing, construction, and operation of electric transmission and generation projects. SCPPA consists of eleven municipal utilities and one irrigation district. SCPPA member Los Angeles Department of Water and Power (LADWP) is the largest municipal water and power utility in the USA, and the Imperial Irrigation District is California’s third-largest public electric utility.
Ormat shares fell 1.8 percent in yesterday’s trading to 79.52 euros (closing price, August 25, 2025, Stuttgart Stock Exchange). TTody, the stock continues to decline and is currently down by -2.5 percent at 77.56 euros.
Source: IWR Online, 26 Aug 2025
