Northleaf wraps up $162.3 mln purchase of Ormat power assets
Ormat Technologies Inc (NYSE: ORA) has completed its previously announced joint venture deal with Canadian private equity and infrastructure investor Northleaf Capital Partners. Northleaf paid US$162.3 million for a 36.75 percent equity interest in a subsidiary company that holds Ormat's Puna geothermal power plant in Hawaii, the Don A. Campbell geothermal power plant in Nevada, and other assets. Ormat, a Reno, Nevada-based alternative and renewable energy technology business, said the purchase price implies a total transaction value of about US$442 million.
4 May 2015•3 mins read
