Photograph: RonAlmog via Flickr

Geothermal giant Ormat into solar with $195m Israel deal

Through its Israel subsidiary, Ormat will develop up to 36 megawatts (MW) of solar photovoltaic (PV) systems in Israel in a joint venture with closely held Sunday Energy. The development deal, with expected capital investment of $195m, represents Ormat’s entry into commercial solar.

Published: Monday, October 19 2009 | Last updated: Tuesday, October 20 2009