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,...
Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MW
Fourth plant at complex to come on line in second half of 2016 and will bring its capacity to 134 MW
(RENO, Nev.) December 4, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today its subsidiary has signed an amended and restated Power Purchase Agreement (“PPA”) with Kenya Power and Lighting Company Limited (KPLC), paving the way...
Ormat Technologies will Acquire its Parent Through a Share Exchange
Ormat Industries' Shareholders to Exchange Shares for Stake in Ormat Technologies. Deal Eliminates Majority Ownership and Control Structure
(RENO, Nev.) November 10, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today that it is entering into a definitive share exchange and plan of merger agreement (the "Exchange Agreement") with its parent entity, Ormat Industries Ltd...
Ormat Technologies Reports 2014 Third Quarter Results
Net income attributable to the Company’s stockholders increased 27.5% to $16.5 million or $0.36 per share Adjusted EBITDA grew 14.9% and reached $69.2 million
RENO, Nevada, November 5, 2014 -- Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the third quarter of 2014. Quarterly financial highlights and recent developments: • Quarterly revenues increased 7.3% to $140.2...
Ormat Signs $22.3 Million Contract with UAMPS for Recovered Energy Generation Project
(RENO, Nev.) November 5 2014 -- Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly-owned subsidiary has entered into a $22.3 million engineering, procurement and construction (EPC) contract with the Utah Associated Municipal Power...
Ormat Signs 25-Year PPA and Steam Supply Agreement for the 35 MW Menengai Geothermal Project in Kenya
RENO, Nevada, November 3, 2014 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that its majority owned Kenyan subsidiary (the Project Company) owned by Ormat (51%), Symbion Power LLC (24.5%) and Civicon Ltd. (24.5%), signed a 25-year Power...
Ormat Technologies Considers Potential Restructuring with its Parent Company
(RENO, Nev.) October 29, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today, following a report to that effect issued today to the Tel Aviv Stock Exchange and the Israeli Security Authority by its parent entity, Ormat Industries, Ltd. (OIL...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2014 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., Oct.14, 2014 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2014 earnings results in a press release that will be issued on Wednesday, November 5, 2014 after the market close. The Company has scheduled a...
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...