Enel Green Power North America (EGPNA) has successfully closed the sale of a 150MW geothermal and solar portfolio in the US to Ormat Technologies. The transfer, announced in October 2023, is valued at US$271m.
Now, Ormat Technologies owns two operational geothermal power plants and one triple hybrid geothermal-solar-solar thermal power plant. The geothermal capacity is calculated at approximately 40MW, with the solar elements amounting to 20MW.
Enel's consolidated renewables capacity in the US, which surpasses 8GW, is not impacted by the transaction.
For more information on projects in the US, please visit EICDataStream.