Ormat Technologies to Construct 101MW Geothermal Plant in New Zealand
Portfolio Pulse from
Ormat Technologies has secured a $200 million EPC contract with Contact Energy to construct a 101MW geothermal plant in New Zealand.
November 13, 2024 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ormat Technologies has secured a significant $200 million EPC contract with Contact Energy to construct a 101MW geothermal plant in New Zealand, which could boost its revenue and market position in the renewable energy sector.
The $200 million contract is a substantial addition to Ormat's project portfolio, likely to enhance its revenue stream and strengthen its position in the renewable energy market. The scale and value of the project suggest a positive short-term impact on ORA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100