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Ormat Secures First Portfolio PPA for 150 MW of Geothermal Capacity with SCPPA
PPA covers both New Projects and Re-contracting of Existing Power Plants
RENO, Nev. June 1, 2017 - Ormat Technologies, Inc. ( NYSE: ORA) today announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the Company, and Southern California...
Ormat Technologies Reports 25% Increase in Revenues for the First Quarter of 2017
Electricity Segment Expands 7.3% to Record Revenues of $115.8 million; Products Segment Up 69.5% Management Reiterates Full-Year Guidance
RENO, Nev. May 8, 2017 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2017.
Financial Summary:
First Quarter 2017 Highlights and Recent Developments:• Total revenues of $189.9...
ORIX to Acquire 22% Ownership Stake in Ormat from FIMI and Bronicki Investments and Simultaneously Enter into Strategic Partnership with Ormat
Reno, Nevada and Tokyo, Japan, May 4, 2017 – Ormat Technologies, Inc. (NYSE: ORA) and ORIX Corporation (TSE: 8591; NYSE: IX) announced today that ORIX will acquire an approximately $627 million ownership stake in Ormat by purchasing...
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2017 Financial Results on May 9, 2017
Call will be Webcast Simultaneously
RENO, Nev., April 6, 2017 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2017 financial results in a press release that will be issued on Monday, May 8, 2017 after the market close. The Company has scheduled a conference...
One of the World’s Largest Geothermal Power Plants Commences Commercial Operation
First Unit of the Sarulla Geothermal Power Plant Starts to Provide Indonesia with 110 MW of Clean, Renewable Energy; Plant combines Toshiba’s flash and Ormat’s binary technologies to maximize efficiency
RENO, Nevada, March 21, 2017, TOKYO, March 22, 2017— Toshiba Corporation (TOKYO: 6502) and Ormat Technologies Inc. (NYSE: ORA) today announced that the first unit of the Sarulla geothermal power plant, one of the world's largest power plants,...
Ormat Technologies Announces Closing of the Acquisition of Viridity Energy
RENO, Nev. March 15, 2017 Ormat Technologies, Inc. (“Ormat”) (NYSE:ORA) today announced that it has closed its previously announced acquisition of substantially all of the business and assets of Viridity Energy, Inc. (VEI). VEI is a...
Ormat Technologies Announces 2017 Annual Meeting of Stockholders
(RENO, Nev.), March 1, 2017-- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2017 annual meeting of stockholders will be held on Monday, May 8, 2017 at 1:30 p.m. EDT at the offices of Chadbourne & Parke LLP, 1301 Avenue of...
Ormat Technologies Reports Another Year with Record Revenue of $663.0 Million up 11.4% over Prior Year
Continuing Improvements Drive Strong Fourth Quarter and Full-Year 2016 Financial Results with Gross Profit Increasing by 24% over Prior Year
RENO, Nev. February 28, 2017 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2016.
Financial Summary:
Financial highlights for the full year:• Total revenues of $...
Ormat Technologies Inc. Responds to Press Reports About Potential Transaction
Reno, Nevada, February 28, 2017. Ormat Technologies Inc. (NYSE: ORA): In response to certain press reports that appeared in the Israel press, Ormat Technologies Inc. (the “Company”) today provided the following clarification: The...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-End 2016 Financial Results on March 1, 2017
Call will be Webcast Simultaneously
RENO, Nev., January 30, 2017 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2016 financial results in a press release that will be issued on Tuesday, February 28, 2017 after the market close. The Company has...
Ormat Enters the Growing Energy Storage and Demand Response Markets by Acquiring the Business of Viridity Energy
Acquisition will combine Ormat's and the acquired business’ expertise and resources to capture market share in energy storage and demand response markets
RENO, Nev. January 03, 2017 - Ormat Technologies, Inc. (“Ormat”) (NYSE: ORA) today announced that it has entered into a definitive agreement to acquire substantially all of the business and assets of Viridity Energy, Inc. (“...
Ormat Technologies, Inc. Announces Closing of Partnership Transaction
RENO, Nev. December 19, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Ormat Nevada Inc. (Ormat Nevada), and ORPD LLC (ORPD), through OrLeaf LLC, a jointly established new subsidiary, entered into a partnership transaction with a...
Ormat Signs a $36 Million EPC Contract with Cyrq Energy, Inc. for the Soda Lake 3 Geothermal Project in Nevada
RENO, Nevada, December 6, 2016 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary, Ormat Nevada Inc., concluded and signed a $36 million engineering, procurement and construction (EPC) contract with a subsidiary of Cyrq...
Ormat Technologies Announces Closing of Private Placement of $92.5 Million Senior Secured Notes to Refinance the Don A. Campbell Phase I Geothermal Power Project
RENO, Nev. November 30, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced that ORNI 47 LLC successfully issued and sold $92.5 million in aggregate principal amount of its 4.03% Senior Secured Notes due 2033. The Senior Secured Notes were...
Ormat Technologies Signs 25-year Power Purchase Agreement for the Ormesa Geothermal Complex in California
New PPA to Further Reduce Exposure to Natural Gas and Improve Margins
Reno, Nev., November 29, 2016 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary entered into a 25-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) to deliver electricity from its...
Ormat Technologies Announces Closing of a Follow-On Sale of 36.75% Equity Interest in the Second Phase of the Don A. Campbell Geothermal Power Plant to Northleaf for $44.2 million
RENO, Nev. November 23, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced that its wholly-owned subsidiary, Ormat Nevada Inc. (Ormat), closed a follow-on equity transaction with Northleaf Capital Partners (Northleaf).
Northleaf purchased a...
Ormat Technologies Reports Record Revenue of $184.6 Million in the Third Quarter, up 13% over the Prior Year Period
Company Increases Revenue and Adjusted EBITDA Guidance for 2016
RENO, Nev. November 7, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter ended September 30, 2016.
Third Quarter Summary:
Third Quarter 2016 Highlights and Recent Developments:•...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2016 Financial Results on November 8, 2016
Call will be Webcast Simultaneously
RENO, Nev., October 6, 2016 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2016 financial results in a press release that will be issued on Monday, November 7, 2016 after the market close. The Company has scheduled a...
Ormat Technologies Inc. Concludes Auction to Price $204 Million Aggregate Principal Amount of Senior Unsecured Bonds in Proposed Regulation S Offering
Reno, Nevada, September 11, 2016 -- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that it has concluded an auction tender and accepted subscriptions for US$204 million aggregate principal amount of two tranches (Series 2 approximately...
Ormat Technologies Reports a Double-Digit Growth in Revenues, Net Income, and Adjusted EBITDA in the Second Quarter
Strong First Half Performance Drives Increase in 2016 Adjusted EBITDA Guidance
RENO, Nev. August 2, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2016.
Second Quarter Highlights and Recent Developments:
• Total revenues of $159.9 million, up 13.8%...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2016 Financial Results
Call will be Webcast Simultaneously
RENO, Nev., July 18, 2016 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2016 financial results in a press release that will be issued on Tuesday, August 2, 2016 after the market close. The Company has scheduled a...
Ormat Announces Closing of Acquisition of the Bouillante GeothermalPower Plant in the Island of Guadeloupe
The power plant is expected to generate approximately €20 million of annual revenues
RENO, Nev. July 5,2016, Ormat Technologies, Inc. (NYSE:ORA) announced today it has closed its previouslyannounced acquisition of Geothermie Bouillante SA (GB). GB owns and operates the 14.75 MW Bouillantegeothermal power plant located in...
Ormat Completes Construction at Veyo Recovered Energy Generation Project in Southern Utah for UAMPS
Project brought online four months early; To be celebrated during commissioning event June 28, 2016
(RENO, Nev.) June 28, 2016 -- Ormat Technologies, Inc. (NYSE:ORA) announced today that construction was completed at the Veyo Heat Recovery Project in southern Utah. This project falls under a $22.3 million engineering, procurement and construction...
Ormat Technologies Secures $36 Million Supply & EPC Contracts for a Geothermal Power Plant in New Zealand
Reno, Nev., May 19, 2016 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that one of its subsidiaries has signed a $36 million Supply, Engineering, Procurement and Construction, (EPC) contracts, with Eastland Group for the Te Ahi O Maui...
Ormat Technologies Reports First Quarter Revenue of $151.6 Million and Adjusted EBITDA of $80.2 Million
Strong Gross Margin Increases Net income and Adjusted EBITDA
RENO, Nev. May 4, 2016 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2016.
First Quarter Highlights and Recent Developments:
• Total revenues of $151.6 million, up 26.1% compared...
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