Ormat Technologies Signs 25-Year PPA Extension For 52MW Geothermal Power To Serve Southern California; No Financial Terms Disclosed

Author: Benzinga Newsdesk | August 25, 2025 08:27am

Ormat Technologies, Inc. (NYSE:ORA) (the "Company" or "Ormat"), a leading geothermal and renewable energy company, announced today that it signed a 25-year extension to its existing power purchase agreement (PPA) with the Southern California Public Power Authority (SCPPA), for 52MW from Heber 1 geothermal facility. This long-term agreement, which is effective February 2026, will ensure the continued delivery of clean, baseload geothermal energy to the Los Angeles Department of Water and Power (LADWP) and the Imperial Irrigation District (IID). Ormat will supply the SCPPA with electricity from the Ormat Heber 1 geothermal facility, located in the Imperial Valley of Southern California.

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