Ormat Technologies has signed a PPA with Imperial Irrigation District (IID) for 10MW of solar PV energy, making this the first independent PV project for Ormat in the US, which will be located near the Heber geothermal complex in Imperial Valley, California. The companies did not disclose what types of modules would be used in the project, nor did they release the value of the deal.
Under the PPA, Ormat will develop, own and operate the project while IID purchases the power it generates under the 20 year PPA. Construction is set to begin this year with commercial operation anticipated to commence within 18 months. The solar project will produce nearly 24,500MWh of energy per year upon its completion.
“We are pleased to partner with IID in support of their renewable energy growth plan,” said Yoram Bronicki, president and chief operating officer of Ormat Technologies. “While Ormat's roots in solar energy go back more than 40 years, we have recently reinitiated our development efforts in solar projects as a way to expand our renewable energy portfolio. Developing projects in a cost-effective way and with an acceptable tariff, without the strong dependence on tax incentives, is vital for us to further expand our solar activity in a meaningful way.