Ormat Technologies, Inc. announced that it has signed a 15-year power purchase agreement with Peninsula Clean Energy. Under the terms of the agreement approved by Peninsula Clean Energy's Board of Directors, effective January 1, 2023, the CCA will purchase 26 MW of clean, renewable energy from Ormat's Heber 2 geothermal facility located in Imperial Valley, CA. This PPA marks the successful completion of Ormat's first ever solicitation for bids, with a request for bids (RFB) on the Heber 2 facility issued in July of 2021.

The RFB was published immediately after the California Public Utilities Commission (CPUC) issued their Mid-Term Reliability (MTR) Decision, requiring the procurement of 1,000 MW of weather invariant, zero-emission, 80% capacity generation by all California load serving entities by 2026. Power from the Heber 2 facility complies with MTR guidelines, making it the first geothermal PPA to meet the new CPUC requirements.