U.S. Geothermal Acquires Ram Power Geysers Project in California

U.S. Geothermal Inc. (HTM), the Boise, Idaho-based renewable-energy developer, acquired a planned project in northern California from Ram Power Corp. (RPG)

U.S. Geothermal paid $6.4 million in cash for the Geysers project in Sonoma County, according to a statement today.

The deal includes Ram Power units that own five completed wells and geothermal leases for about 3,800 acres, as well as design plans and permits for the planned power project.

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

To contact the editors responsible for this story: Will Wade at wwade4@bloomberg.net Carlos Caminada

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