In The News

Sep 24, 2015

Don A. Campbell Phase 2 Geothermal Power Plant in Nevada Begins Commercial Operation; Streamlined development allows revenue stream ahead of schedule

Ormat Technologies, Inc. (NYSE:ORA) announced today that the second phase of its Don A. Campbell geothermal power plant located in Mineral County, Nevada began commercial operation on September 17, 2015. The power plant is expected to generate 19 MW (net) on a yearly average basis, above the nominal target of 16.2 MW listed in the 20-year Power Purchase Agreement (PPA) with the Southern California Public Power Authority (SCPPA). SCPPA resells the entire output of this plant to the Los Angeles Department of Water and Power (LADWP).

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Sep 17, 2015

Northleaf Capital Partners reaches $1.5 billion in infrastructure capital commitments; continues to expand infrastructure investment team

Northleaf Capital Partners is pleased to announce that its growing infrastructure investment program has surpassed $1.5 billion in capital commitments across its OECD-focused fund and its recently expanded custom North American mid-market fund, which Northleaf designed and manages for a leading Canadian institutional investor. As a key component of the firm’s $7 billion global private markets investment business, Northleaf’s infrastructure program is focused on direct, long-term investments in OECD countries, providing investors with stable, consistent cash flows from assets that deliver essential products and services.

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Jul 23, 2015

Northleaf Venture Catalyst Fund reaches $300 million hard cap

Northleaf Capital Partners (“Northleaf”) is pleased to announce that Northleaf Venture Catalyst Fund (“NVCF” or the “Fund”) recently held its final closing achieving its maximum fund size of $300 million.‎ The Fund's final closing included new commitments from Sun Life Financial and a number of high net worth and family office investors, as well as additional commitments from existing NVCF investors. As part of Northleaf’s broader global private markets investment business, the successful closing of NVCF brings Northleaf’s total capital commitments to approximately $6.9 billion.

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May 06, 2015

Kristin Shearer joins Northleaf Capital Partners as Associate in Toronto, Canada office

Northleaf Capital Partners is pleased to announce that Kristin Shearer joins our firm as an Associate in our Toronto, Canada office.

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May 04, 2015

Northleaf Venture Catalyst Fund successfully completes another close, increasing aggregate commitments to $264 million

Northleaf Capital Partners, Canada’s largest independent global private markets fund manager, is pleased to announce that Northleaf Venture Catalyst Fund (“NVCF” or the “Fund”) recently held another closing adding Ontario Pension Board (“OPB”) as its newest investor. Total commitments from all investors now amount to $264 million. Having begun its investment program in January 2014, NVCF has made 11 investments to date and has a strong pipeline of additional investment opportunities that are currently under review

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Apr 30, 2015

Northleaf acquires equity interest in ORPD geothermal portfolio with an aggregate value of $442 million

Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary Ormat Nevada Inc. (Ormat) fulfilled all conditions precedent and achieved financial closing under the previously announced equity transaction with Northleaf Capital Partners. Pursuant to the purchase agreement, which the parties executed on February 5, 2015, Northleaf acquired a 36.75% equity interest in a newly established Ormat holding company subsidiary for a purchase price of $162.3 million. The joint venture includes Ormat's Puna geothermal power plant in Hawaii, the Don A. Campbell geothermal power plant in Nevada, and nine power plant units across three recovered energy generation assets known as OREG 1, OREG 2, and OREG 3.

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