Ormat Sells Heber Solar Farm to RET Holdings for $35.3 Million

Ormat Technologies Inc., a U.S. developer of geothermal power, agreed to sell its Heber solar farm in California to RET Holdings LLC for $35.3 million.

Ormat received $15 million and will get the remainder in the second quarter, the Reno, Nevada-based company said yesterday in a statement. The solar farm is selling 10 megawatts of electricity to Imperial Irrigation District under a 20-year agreement.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Jasmina Kelemen

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