Ormat Technologies Inc. has signed its largest-ever power purchase agreement for geothermal power with the Los Angeles Dept. of Water and Power, an estimated $94-million-a-year deal for the Reno, Nev-based firm to sell electricity from its northern Nevada geothermal portfolio project.
An Ormat subsidiary will provide around 150 MW of electricity from several geothermal plants located in the state and in California.