Puna Geothermal Venture Increasing Production

On the Big Island, Puna Geothermal Venture (PGV) has been increasing production of geothermal energy and will increase even more through year 2020 according its owner.

In its third quarter 2017 investor presentation, Ormat Technologies Inc., PGV’s owner, credited PGV for contributing to Ormat’s 1.7 percent increase in renewable energy output:

“This was a strategically important quarter in our electricity segment, as we increased revenue and gross margin mainly due to the performances of our Bouillante power plant in Guadeloupe, and our Puna plant in Hawaii,” commented Isaac Angel, Chief Executive Officer.

Ormat plans to enchance PGV and increase its capacity by 8 megawatts — from 38 to 46 megawatts by year 2020.

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