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0 0.000255841719256363 -0.000596964011598221 0.000213201432713555 -0.00127920859628182 0.00341122292341797 0.00341122292341797 0.00341122292341797
Stock impact report

Ormat to Develop Telaga Ranu Geothermal Project in Indonesia [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
This award enhances Ormat's development pipeline and aligns with its long-term growth strategy in Indonesia. Telaga Ranu concession offers strategic and financial benefits that strengthen Ormat's presence in Indonesia. Located in a high feed-in tariff zone and aligned with Indonesia's energy transition goals, the site has the potential to deliver up to 40 megawatts (MW) of baseload geothermal capacity, supporting favorable project economics and long-term revenue visibility. Development of the site by the end of 2030 would aid Indonesia's plan to replace diesel-based generation with reliable renewables, reinforcing national decarbonization efforts, improving regulatory support and lowering development risk. The project expands Ormat's exploration pipeline to roughly 200 MW, complementing its existing 59 MW operating asset in the country. By leveraging its proven geothermal expertise, Ormat not only enhances its development pipeline but also deepens its footprint and credibility wit Show less Read more
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