Ormat Announces Commercial Operation of Plant 4 in Olkaria III in Kenya, Expanding Complex Capacity to Nearly 140 MW
RENO, Nev. February 4th, 2016 - Ormat Technologies, Inc. (NYSE:ORA) announced today that it reached commercial operation of Plant 4 in the Olkaria III complex in Kenya, increasing the complex total generating capacity by 29 MW to 139 MW. Plant 4...
Ormat Announces Start of Construction of the 35 MW Platanares Geothermal Project in Honduras
Commercial Operation is Expected by Year-end 2017; Project Expects to Generate Average Annual Revenue of Approximately $33 Million
RENO, Nev. January 12, 2016 - Ormat Technologies, Inc. (NYSE:ORA) announced today that its indirect, wholly owned subsidiary has commenced construction of the 35 MW Platanares geothermal project in Honduras. In 2013, Ormat signed a Build, Operate,...
Ormat to Acquire Geothermal Power Plant in the Island of Guadeloupe
Adds 14.75 MW, with potential expansion to up to 45 MW of capacity Transaction to be immediately accretive to Ormat’s EPS
RENO, Nev. December 07, 2015, Ormat Technologies, Inc. (NYSE:ORA) announced today it has signed a binding Memorandum of Understanding (MOU) to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to...
Ormat Joins the American Business Act on Climate Pledge
RENO, Nev. December 1, 2015, Ormat Technologies, Inc. (NYSE:ORA) announced today it has joined the American Business Act on Climate Pledge, joining more than 140 companies from across the American economy that are standing with the Obama...
Mr. Yoram Bronicki Retiring as Director and Chairman of Board of Directors, and Mr. Gillon Beck appointed by the Board as Chairman
Mr. Stanley Stern appointed by the Board to fill Director vacancy
RENO, Nev. November 17, 2015, Ormat Technologies, Inc. (NYSE:ORA) announced today that Mr. Yoram Bronicki has resigned from his position as the Chairman of the Company’s Board of Directors, effective November 16, 2015. "Yoram Bronicki...
Ms. Dita Bronicki Retiring from Board of Directors
Ms. Ravit Barniv appointed by the Board to fill the vacancy
RENO, Nev. November 3, 2015, Ormat Technologies, Inc. (NYSE:ORA) announced today that Ms. Dita Bronicki has informed the Company that she will resign from her position as a Director on the Company's Board of Directors and a member of the...
Ormat Technologies Reports 2015 Third Quarter Results
Total Revenues increase 16.1% to a quarterly record of $162.9 million; Adjusted EBITDA increased 14.3% to a quarterly record of $79.0 million; Company Increases Full-Year 2015 Total Revenue and Adjusted EBITDA Guidance
RENO, Nevada, November 3, 2015 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter ended September 30, 2015. Third Quarter Highlights and Recent Developments: • Total revenues increased 16.1% to a...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2015 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., October 15, 2015 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2015 earnings results in a press release that will be issued on Tuesday, November 3, 2015 after the market close. The Company has scheduled a...
Ormat and Toshiba Sign Strategic Collaboration Agreement
Collaboration Expected to Increase Geothermal Market Opportunities to Support Future Growth
RENO, Nev., Oct. 14, 2015 (GLOBE NEWSWIRE) -- and TOKYO, Oct. 15, 2015 Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (TOKYO: 6502) announced today that the two companies have signed a strategic collaboration agreement (SCA) to develop...
Don A. Campbell Phase 2 Geothermal Power Plant in Nevada Begins Commercial Operation
Streamlined development allows revenue stream ahead of schedule
RENO, Nev.,September 24, 2015, 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...
Ormat Technologies Reports 2015 Second Quarter Results
Total Revenues increase 10.1% to $140.5 million and Net Income attributable to the Company's stockholders increased 57.8% to $14.4 million Company Reiterates Full-Year 2015 Revenue and Adjusted EBITDA Guidance
RENO, Nevada, August 3, 2015 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2015. Second Quarter Highlights and Recent Developments: • Total revenues of $140.5 million, compared...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2015 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., July 16, 2015 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2015 earnings results in a press release that will be issued on Monday, August 3, 2015 after the market close. The Company has scheduled a...
Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile
Contract Increased Product Backlog and Creates New Market Opportunities in Chile
RENO, Nev., May 7, 2015 - Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction...
Ormat Technologies Reports 2015 First Quarter Results
Company Reiterates Full-Year Revenue and Adjusted EBITDA Guidance Product Segment Backlog Reaches a Record $387.0 Million
RENO, Nevada, May 6, 2015 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2015. First Quarter Highlights and Recent Developments: • Electricity revenues of $90.0 million, compared...
Ormat Technologies announces closing of its equity transaction with Northleaf for the sale and purchase of an equity interest in a portfolio with an aggregate value of $442 million
Ormat receives $162.3 million for 36.75% equity interest in a 106 MW portfolio
RENO, Nevada, April 30, 2015 -- 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...
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2015 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., April 15, 2015 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2015 earnings results in a press release that will be issued on Wednesday, May 6, 2015 after the market close. The Company has scheduled a...
Ormat Signs Power Purchase Agreement for Second Phase of Don A. Campbell Geothermal Plant in Nevada
Second phase will double the existing power plant’s capacity
(RENO, Nev.) March 24, 2015, Ormat Technologies, Inc. (NYSE: ORA) announced today that its subsidiary entered into a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) for interstate delivery of...
Ormat Announces Investor & Analyst Day March 31, 2015 in New York City
(RENO, Nev.) March 18, 2015, Ormat Technologies, Inc. (NYSE: ORA) (the “Company”), today announced the Company will conduct an Investor Day, from 9 a.m. to 12:30 p.m. (ET) on Tuesday, March 31, 2015 in New York City. Isaac Angel, Ormat...
Ormat Technologies Announces 2015 Annual Meeting of Stockholders
(RENO, Nev.), March 2, 2015-- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2015 annual meeting of stockholders will be held on Wednesday, May 6, 2015 at 1:30 p.m. local time at the offices of Chadbourne & Parke LLP, 1301...
Ormat Technologies Reports 2014 Fourth Quarter and Year End Results With Record Revenues of $559.5 Million and Operating Income of $143.5 Million
Operating income grew 48.0% Year over Year Adjusted EBITDA Grew 13.1% Year over Year
RENO, Nevada, February 24, 2015 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2014. Financial highlights for the full year: • Total revenues of $559.5 million...
Ormat Technologies Announces Completion of Share Exchange Transaction
Ormat Technologies to be Included in the TASE flagship index TA-25
(RENO, Nev.) February 12, 2015, Ormat Technologies, Inc. (NYSE:ORA) announced today that further to its news release on November 10, 2014, the Company completed the share exchange transaction with its parent entity, Ormat Industries Ltd. ("OIL...
Ormat Technologies Inc. Announces $175 Million Agreement with Northleaf Capital Partners for a 40% Equity Investment in Certain Power Plants at a Valuation of $438 Million
Portfolio of 106 MW includes two geothermal facilities and three REG power plant complexes Ormat to retain day-to-day managerial and operating control over the portfolio
(RENO, Nev.) February 5, 2015, Ormat Technologies, Inc. (NYSE: ORA) (the “Company”), today announced that its wholly-owned subsidiary Ormat Nevada Inc. (“Ormat”) has entered into a binding agreement with infrastructure funds...
McGinness Hills Phase 2 Geothermal Power Plant Begins Commercial Operation
Brings complex generating capacity to approximately 72 MW
(RENO, Nev.) February 4, 2015, Ormat Technologies, Inc. (NYSE: ORA) announced today that the second phase of its McGinness Hills geothermal power plant located in Lander County, Nevada has begun commercial operation. Since February 1, 2015, the...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2014 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., February 2, 2015 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2014 earnings results in a press release that will be issued on Tuesday, February 24, 2015 after the market close. The Company has...
Ormat Plans to Seek Multiple International Listings
(RENO, Nev.) December 10, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today that in connection with the pending transaction, the corporation's board of directors approved a decision to list its shares on two international stock exchanges,...