Nevada’s Ormat Technologies, which was awarded a contract by Hawaii Electric Light Co. to develop a 25-megawatt geothermal energy project on Hawaii’s Big Island, has withdrawn from contract negotiations with the utility, HELCO said Wednesday. HELCO selected Ormat on Feb. 24, 2015, based on the Nevada firm’s ability to meet price levels and performance standards, and started contract negotiations. Ormat already operates the 38-megawatt Puna Geothermal Venture plant on the Big Island. The…