Ormat Technologies Inc

NYSE:ORA   3:59:59 PM EDT
65.29
-2.90 (-4.26%)
4:00:00 PM EDT: $65.16 -0.13 (-0.19%)
Other Pre-Announcement, Mergers / Acquisitions

Ormat Technologies To Acquire Contracted Operating Geothermal Assets In Nevada And A Transmission Line Connecting Nevada With California For Total Estimated Consideration Of $377M

Published: 05/24/2021 12:30 GMT
Ormat Technologies Inc (ORA) - Ormat to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With California for Total Estimated Consideration of $377m.
Ormat Technologies Inc - Will Pay Tg Geothermal Portfolio, Llc $171 Million for 100% of Equity Interests in Portfolio of Entities.
Ormat Technologies Inc - Will Assume Debt and Associated Lease Obligations of About $206 Million Book Value As of March 31, 2021.
Ormat Technologies Inc - Expects the Assets to Generate $55 Million in Revenue and About $37 Million in EBITDA in 2022.