May. 27 at 12:54 PM
$ORA $MS Ormat announces
$62M hybrid tax equity partnership
Ormat Technologies (ORA) announced the signing of a
$62M Hybrid Tax Equity partnership with Morgan Stanley Renewables (MS). The partnership's transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025.