Ormat Completes Financing for McGinness Hills Phase 2
Company draws down $140 million under OFC 2 Senior Secured Notes
RENO, Nevada, August 29, 2014 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that its wholly-owned indirect subsidiary, OFC 2 LLC, and its project subsidiaries (“Ormat“), have signed a $140 million loan to finance the...
Ormat Technologies Reports 2014 Second Quarter Results
Net income for the second quarter of $9.1 million or $0.20 per share attributable to company's shareholders. Product segment backlog increased to a record $376.0 million. Company maintains 2014 annual revenue guidance
RENO, Nev., Aug. 5, 2014 - Ormat Technologies, Inc. (NYSE:ORA) announced today its financial results for the second quarter of 2014. Quarterly financial and operational highlights: Quarterly revenues were $127.6 million, a 16.4% decrease from the...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2014 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., July 17, 2014 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2014 earnings results in a press release that will be issued on Tuesday, August 5, 2014 after the market close. The Company has scheduled a...
Sarulla Consortium Reached Financial Closing under the $1.17 Billion Financing Agreements for 330 MW Sarulla Geothermal Project in Indonesia
Ormat’s product segment backlog grows to a record $375.0 million
RENO, Nev., May 23, 2014 - Ormat Technologies, Inc. (NYSE: ORA) announced today that the Sarulla consortium fulfilled all conditions precedent and reached financial closing allowing the first drawdown under the $1.17 billion financing agreement for...
Ormat Technologies Reports 2014 First Quarter Results
Record quarterly revenues in the electricity segment, increase 38.8% to $94.8 million Net income of $21.6 million or $0.47 per share attributable to company's shareholders EBITDA grew 54.4% and reached $70.6 million
RENO, Nevada, May 8, 2014 -- Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the first quarter of 2014. Quarterly financial highlights compared to the same quarter last year: • Quarterly revenues increased 19.8%...
Ormat Technologies Explores Potential Minority Investment in a Few of its U.S. Power Plants
(RENO, Nev.) April 30, 2014, With reference to reports appearing in the international media today, Ormat Technologies, Inc. (NYSE: ORA) clarified that, as part of a previously-announced ongoing strategic planning review, it continues to explore,...
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2014 Earnings Results
Call Will Be Webcast Simultaneously
RENO, Nev., April 23, 2014 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2014 earnings results in a press release that will be issued on Thursday, May 8, 2014 after the market close. The Company has scheduled a...
Sarulla Consortium Signs $1.17 Billion Financing Agreements for 330 MW Sarulla Geothermal Project in Indonesia
Ormat is the supplier of $254 million equipment under the supply contract and holds an equity stake of 12.75%
RENO, Nev., March 28, 2014 - Ormat Technologies, Inc. (NYSE: ORA) announced today that members of the Sarulla Consortium comprising of Medco, Itochu, Kyushu and Ormat signed $1.17 billion project financing agreements to finance the development and...
Ormat Sells Heber Solar PV Project for $35.25 Million
RENO, Nev., March 26, 2014 -- Ormat Technologies, Inc. (NYSE:ORA) today announced that its wholly owned subsidiary, Ormat Nevada, Inc., signed an agreement with RET Holdings, LLC to sell the Heber Solar project in Imperial County, California for $35...
Ormat Technologies to Participate in the 26th Annual ROTH Conference
RENO, Nev., March 6, 2014 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Yoram Bronicki, president and chief operating officer, will present at the 26th Annual ROTH Conference in Dana Point, California. Mr. Bronicki will provide an...
Ormat Technologies, Inc. Announces May 8, 2014 Annual Meeting of Stockholders
(RENO, Nev.), March 3, 2014-- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2014 annual meeting of stockholders will be held on Thursday, May 8, 2014 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30...
Ormat Technologies Reports 2013 Fourth Quarter and Year End Results
Net income attributable to company’s shareholders of $0.91 per share for the full year Record adjusted EBITDA reached $227M
RENO, Nevada, February 25, 2014 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2013. Highlights for the year and recent developments: • Total revenues for the...
Ormat Board Names Mr. Isaac Angel as CEO
Transition of succession to begin on April 1 with Mr. Angel to succeed Dita Bronicki following retirement on July 1
(RENO, Nev.) February 11, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today that its Board of Directors has appointed Mr. Isaac Angel as Chief Executive Officer. Mr. Angel will join Ormat on April 1, 2014 and assume the CEO position...
Olkaria III Geothermal Complex in Kenya Reaches 110 MW with Commercial Operation of Plant 3
Geothermal project completed nearly three months ahead of schedule
(RENO, Nev.) February 4, 2014 Ormat Technologies, Inc. (NYSE: ORA) announced today it successfully completed construction and reached commercial operation of Plant 3 in the Olkaria III geothermal power plant complex almost three months ahead of...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2013 Earnings Results
Call will be Webcast Simultaneously
RENO, Nevada, January 27, 2014 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2013 earnings results in a press release that will be issued on Tuesday, February 25, 2014 after the market close. The Company...
Ormat Reaches Commercial Operation of the Newly Refurbished Mammoth G1 Power Plant
Ormat Energy Converters replace the original non-Ormat generating units, increasing efficiency and availability
(RENO, Nev.) January 23, 2014 Ormat Technologies, Inc. (NYSE: ORA) announced today that it successfully completed the scope of work needed to bring the Mammoth G1 geothermal power plant in Mono County, California to full capacity. The 6 MW plant...
Ormat Extends PPA for its Zunil Power Plant in Guatemala by Additional 15 Years
(RENO, Nev.) January 22, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today its indirect, wholly owned subsidiary signed an amendment to the power purchase agreement (PPA) with Instituto Nacional de Electrificacion (INDE) for its Zunil...
Ormat Completes the Don A. Campbell Geothermal Power Plant with Full 16 Megawatt (net) Output
New power plant constructed in nine months taps low-temperature geothermal resource in Nevada to serve California customers
(RENO, Nev.) January 6, 2014 Ormat Technologies, Inc. (NYSE: ORA) announced today that it completed the Don A. Campbell geothermal power plant in Mineral County, Nevada. The plant is producing its full capacity of 16 megawatts (net) and performing...
Ormat Completes Acquisition of Platanares Geothermal Project in Honduras
Acquisition Includes Existing 35-Megawatt PPA; Drilling to Start Early Next Year
(RENO, Nev.) December 02, 2013 Ormat Technologies, Inc. (NYSE: ORA) announced today that its indirect, wholly-owned subsidiary, completed the acquisition of the Geotérmica Platanares geothermal project in Honduras from ELCOSA, a privately owned...
Ormat Technologies Completes Final Drawdown of $45 Million from OPIC for Final Phase of Construction at Olkaria III Geothermal Complex in Kenya
(RENO, Nev.) November 25, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4 Inc., its wholly owned subsidiary, drew down the remaining $45 million available under its project finance facility with Overseas Private...
Progress on a Second Phase in McGinness Hills
Ormat and NV Energy agree to increase the power purchase agreement by an additional 30 MW
(RENO, Nev.) November 14, 2013 Ormat Technologies, Inc. (NYSE: ORA) announced today that a key milestone was reached in the 30-megawatt (MW) expansion of its McGinness Hills geothermal power plant complex located in Lander County, Nevada. NV Energy...
Ormat Technologies Reports 2013 Third Quarter Results
Electricity revenues increased 14.7% to $89.0 million Company raised revenue guidance for 2013
RENO, Nevada, November 5, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter of 2013. Quarterly financial highlights compared to the same quarter last year: • Electricity revenue increased by...
Ormat Technologies, Inc. Announces Planned Retirement of Yehudit (Dita) Bronicki
Reno, Nevada, November 5, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that Mrs. Yehudit (Dita) Bronicki, the company's chief executive officer, has decided to retire from her position of CEO, effective June 30, 2014, the current...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2013 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., October 21, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2013 earnings results in a press release that will be issued on Tuesday, November 5, 2013 after the market close. The Company has scheduled a...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2013 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., October 21, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2013 earnings results in a press release that will be issued on Tuesday, November 5, 2013 after the market close. The Company has scheduled a...