Ormat Technologies ($ORA) Secures Full Ownership of 20MW Blue Mountain Facility

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Ormat Technologies, Inc. (ORA) has completed the acquisition of the Blue Mountain geothermal power plant from Cyrq Energy.

The company acquired full ownership of the 20MW power plant for $88 million.

Doron Blachar, CEO of Ormat Technologies, stated that this acquisition strengthens their portfolio and commitment to sustainable base-load energy solutions.