Business
Ormat Technologies Commenced Commercial Operation of Arrowleaf, Its First Hybrid Solar-Plus-Storage Project
PROJECT OPERATES UNDER A LONG-TERM TOLLING AGREEMENT WITH SAN DIEGO COMMUNITY POWERARROWLEAF EXPANDS ORMAT’S OPERATING PORTFOLIO TO APPROXIMATELY 1.7 GWHYBRID TAX EQUITY PARTNERSHIP TRANSACTION CLOSED IN DECEMBER RENO, Nev., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the commencement of commercial operations of its Arrowleaf solar and battery energy storage project in Califor
About this update from Ormat Technologies, Inc.
[{"type":"image","alt":"Ormat Technologies, Inc.","displaySize":"","headline":null,"caption":"Ormat Technologies, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":236,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/7a225ca9e9abe7c97b1be71865ca23ad"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dUqKwb6XWe8Xke5upDoGCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTUzNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7a225ca9e9abe7c97b1be71865ca23ad","width":236,"height":300}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"PROJECT OPERATES UNDER A LONG-TERM TOLLING AGREEMENT WITH SAN DIEGO COMMUNITY POWER","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"ARROWLEAF EXPANDS ORMAT’S OPERATING PORTFOLIO TO APPROXIMATELY 1.7 GW","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"HYBRID TAX EQUITY PARTNERSHIP TRANSACTION CLOSED IN DECEMBER","length":60,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":212,"olType":false},{"type":"text","content":"RENO, Nev., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the commencement of commercial operations of its Arrowleaf solar and battery energy storage project in California. Arrowleaf is Ormat’s first hybrid solar-plus-storage facility, marking a significant milestone in the Company’s development and strategic growth plans.","length":443,"tagName":"p"},{"type":"text","content":"The hybrid Arrowleaf facility has approximately 42MW of solar generation capacity and 35MW/140MWh of energy storage. The project operates under a long-term tolling agreement with San Diego Community Power, delivering clean, renewable, and affordable energy to nearly 1 million customers.","length":287,"tagName":"p"},{"type":"text","content":"The Arrowleaf project also reflects Ormat’s disciplined capital management strategy, notably its ability to simultaneously monetize the project’s investment tax credits through a hybrid tax equity partnership with Morgan Stanley Renewables Inc, which has resulted in approximately $38 million of upfront proceeds.","length":313,"tagName":"p"},{"type":"text","content":"“Arrowleaf marks a major milestone for Ormat, as it is our first hybrid solar and energy storage project, and bringing our ...