Tuesday, December 13, 2016

USA, Nevada: German Company Re-finances 20 MW Don A. Campbell Phase I Geothermal Plant

Munich Re makes geo move (Re News)

Refinancing planned for a 20 MW plant in Nevada

Munich Re asset manager MEAG is refinancing the 20 MW Don A. Campbell Phase I geothermal plant in Nevada. The plant, which went into operation in 2014, is owned by companies belonging to Ormat Technologies and Northleaf Capital Partners, MEAG said.

It has a 20-year power supply contract with Southern California Public Power Authority. MEAG managing director Holger Kerzel said: “This is our first renewable energy investment in geothermal power.

“It further diversifies our portfolio and helps us generate sustainable, calculable cash-flows that make a valuable contribution to covering Munich Re’s liabilities.”

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