Good article. Indeed Ormat is very well run company. This Israeli firm has ramped up staffing commensurate with production and production commensurate with price. They hold strategic properties.
One critical piece of information I did not see here is the sheer necessity to understand the water rights issue for these firms. Without the water rights, and especially, the actual available quantity, it really doesn’t matter what property you own or quality of staff and management.
To that point the states of Nv and Utah this week agreed to begin de-watering the snake and thousand spring valley to pump into the Las Vegas Basin. This is just one of those issues that bears monitoring for anybody plying in the sector.
6 Ways to Play Clean Energy [View article]
One critical piece of information I did not see here is the sheer necessity to understand the water rights issue for these firms. Without the water rights, and especially, the actual available quantity, it really doesn’t matter what property you own or quality of staff and management.
To that point the states of Nv and Utah this week agreed to begin de-watering the snake and thousand spring valley to pump into the Las Vegas Basin. This is just one of those issues that bears monitoring for anybody plying in the sector.
Disclaimer, I currently hold HTM.