Aug. 6 at 8:37 PM
$ORA from PR:
Over the past few months, we completed the acquisition of the 20MW Blue Mountain geothermal power plant and released for construction 50 MW of new projects, including 28 MW of geothermal and 22 MW of solar projects mainly at our Heber complex, while continuing to advance our geothermal development pipeline and benefiting from accelerated permit approvals due to recent federal permitting reforms. Since the end of the first quarter, we secured
$300 million of funding for future project development, with
$139 million related to tax equity proceeds at our geothermal and storage assets, and the remaining
$161 million related to project finance at attractive rates. We expect to receive most of the cash proceeds in the second half of the year..." 👃👀
