Ormat signs 20-year PPA with Switch for Salt Wells

Ormat Technologies has signed a 20-year Power Purchase Agreement (PPA) with Switch to supply renewable power from the Salt Wells geothermal power plant.

• Main announcement: Ormat will supply approximately 13MW of geothermal energy to Switch under a 20-year PPA; energy deliveries are scheduled to commence in Q1 2030 following completion of a major Salt Wells upgrade expected by Q2 2026. The agreement also includes Ormat’s option to add an approximately 7MW Solar PV facility to serve the plant’s auxiliary needs and expand combined output to Switch.
• Background and additional details: Ormat noted potential future recontracting of over 100 MW of its existing fleet under this framework and highlighted this as its first direct PPA with a data center operator. Ormat’s broader portfolio totals 1,618MW (including 1,268MW geothermal and solar globally and 350MW energy storage in the U.S.), with operations or projects in Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe.