Global Infrastructure SherpaOrmat Technologies acquires Hoku solar-plus-storage facility in Hawaii
30 MW
Capacity
operating
Stage
Hoku solar-plus-storage facility
Project
Ormat Technologies acquired the Hoku solar-plus-storage facility in Hawaii, which includes 30 MW of solar capacity and 30 MW / 120 MWh of battery storage. This acquisition contributes to Ormat's operational expansion and portfolio growth, supporting its expected FY2026 revenue between $1.11 billion and $1.16 billion. The deal enhances Ormat's renewable energy footprint in the United States.
Get daily hybrid deal alerts — free, no spam.
Counterparts (2)
Seller
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Deal Analysis
Ormat Technologies, primarily a geothermal developer and operator, is diversifying its U.S. renewable energy portfolio with the acquisition of the Hoku solar-plus-storage facility in Hawaii. This hybrid asset, featuring 30 MW of solar and 30 MW / 120 MWh of battery storage, expands Ormat's operational footprint beyond its traditional geothermal focus. The deal directly supports the company's growth objectives, contributing to its projected FY2026 revenue between $1.11 billion and $1.16 billion. It's a clear step for Ormat to integrate more varied renewable technologies.
- Ormat, a geothermal company, acquires a solar-plus-storage asset.
- Hoku facility: 30 MW solar, 30 MW / 120 MWh battery storage.
- Supports Ormat's FY2026 revenue target: $1.11B to $1.16B.
- Location: Hawaii, expanding U.S. renewable footprint.
Timeline
Announced
Mar 10, 2026
Signed
Closed
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →