Ormat Technologies Inc. Announces $62 Million Hybrid Tax Equity Partnership for Energy Storage Facilities

Reuters

27 May

Ormat Technologies Inc. Announces $62 Million Hybrid Tax Equity Partnership for Energy Storage Facilities

Ormat Technologies Inc., a leader in geothermal and renewable energy, has announced a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. This partnership involves two significant energy storage projects: the Lower Rio 60MW/120MWh storage facility and the Arrowleaf project, which includes a 35MW/140MWh storage and a 42MW solar component. Both projects are anticipated to reach commercial operation by the end of 2025. This innovative partnership highlights Ormat's efforts to optimize project economics and strengthen its financial position, supporting its long-term growth and commitment to monetizing $160 million in tax benefits in the current year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9458237-en) on May 27, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces $62 Million Hybrid Tax Equity Partnership for Energy Storage Facilities","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Ormat Technologies Inc. Announces $62 Million Hybrid Tax Equity Partnership for Energy Storage Facilities\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Ormat Technologies Inc., a leader in geothermal and renewable energy, has announced a $62 million Hybrid Tax Equity partnership with <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> Renewables, Inc. This partnership involves two significant energy storage projects: the Lower Rio 60MW/120MWh storage facility and the Arrowleaf project, which includes a 35MW/140MWh storage and a 42MW solar component. 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Announces $62 Million Hybrid Tax Equity Partnership for Energy Storage Facilities\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-27 20:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Ormat Technologies Inc. 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