August 6 (Renewables Now) - Ormat Technologies Inc (NYSE:ORA) said on Monday it has launched commercial operations at a 7-MW solar park at the site of its 26-MW Tungsten Mountain geothermal plant in Nevada.
The photovoltaic (PV) component will be used to cover the power consumed by the geothermal park’s equipment and will at the same time increase the renewable energy output of the complex. The electricity from the Tungsten Mountain geothermal facility is being sold under a portfolio power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA).
The combined facility is Ormat’s first one using both geothermal and solar PV technologies. The company’s CEO Isaac Angel noted that this hybrid project provides a roadmap for the company’s future expansions.
Located in Nevada’s Churchill County, the Tungsten Mountain geothermal plant has been generating power since December 2017. Last year, Ormat sold some membership interests in the facility for USD 33.4 million (EUR 29.8m), plus additional installments.
(USD 1.0 = EUR 0.893)