Ormat Secures Contract With Mercury New Zeleand To Construct And Supply New 56 MW Geothermal Power Plant
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies (ORA) has secured a contract with Mercury New Zealand to construct and supply a new 56 MW geothermal power plant. This deal is expected to boost ORA's revenues and strengthen its position in the renewable energy market.
September 19, 2023 | 12:20 pm
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Ormat Technologies' new contract with Mercury New Zealand for a 56 MW geothermal power plant is likely to increase its revenues and enhance its market position.
The contract to construct and supply a new 56 MW geothermal power plant will provide a significant revenue stream for Ormat Technologies. This will likely have a positive impact on the company's stock price in the short term. Furthermore, this deal strengthens Ormat's position in the renewable energy market, which could lead to more opportunities and growth in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100