News

Ormat closes and receives $162 million cash in equity investment in Yield Co.

Ormat's Desert Peak 2 geothermal power plant, Nevada (source: Ormat Technologies)
Francisco Rojas 5 Aug 2015

Northleaf Capital Partners has given Ormat $162.3 million cash for a 36.75% equity investment in certain power plants.

Earlier today, Ormat Technologies has released the 2015 Second Quarter Results.

Apart from other financial details the company states that it has “closed and received $162.3 million cash from Northleaf Capital Partners for a 36.75% equity investment in certain power plants.”

It does not specify which power plants.

To read the full press release of the financial statement, please follow the link below:

Source: Press Release by Ormat