Olkaria closed
Ormat Technologies has reached financial close on the 13MW–48MW expansion of its Olkaria III geothermal plant. Subsidiary Orpower 4 has received US$105m from DEG, FMO, EAIF, Proparco, KfW, European Financing Partners and the EIB. The 10+1 year debt is priced below Rabai's 350bp, thanks to signing a few months later.
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