Ormat Technologies signs PPA for geothermal power plant in Guadeloupe

Ormat Technologies has signed a 30-year Power Purchase Agreement with Electricite de France for the development of a new 10MW geothermal power plant on the Island of Guadeloupe, in which we own a 63.75% equity interest. The new plant development will be added to Ormat’s existing 15MW Bouillante geothermal power plant. The project’s field development is completed with resource secured and is expected to be operational by the end of 2025. The new power plant will be a sea water-cooled binary system using state-of-the-art Ormat Energy Converters. The system will be positioned approximately 100 meters above sea level and will incorporate an intermediate cooling loop, which will optimize energy efficiency. This milestone reflects Ormat’s commitment to pushing the boundaries of clean energy development and cutting-edge clean energy technology, while continuing to set the stage for a more sustainable future through the ongoing energy transition.