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...
First U.S.-Indonesia Geothermal Project To be Developed Following President Obama’s Asia Pacific Comprehensive Energy Partnership Announced in Indonesia
Ormat signs contract to develop up to 60-megawatt Hu’u Dompu greenfield geothermal project in Indonesia
(Reno, Nev.) October 8, 2013 Ormat Technologies Inc. (NYSE: ORA) announced that it has signed an agreement for the development of the Hu’u Dompu project in Indonesia. The agreement was signed today in the presence of Penny Pritzker, Secretary...
Ormat Enters Joint Development Agreement with eBay Inc. for Development of Five-megawatt Recovered Energy Generation Power Plant
Ormat offers REG solution to meet eBay Inc.’s green energy needs to supply cleaner electricity to new Salt Lake City-based data center
(Reno, Nev.) September 26, 2013 – Ormat Technologies, Inc.’s (NYSE: ORA) wholly owned subsidiary entered a Joint Development Agreement with eBay Inc. for the development of a five-megawatt Recovered Energy Generation (REG) power plant to...
Ormat Reduces Exposure to Natural Gas Prices with New 10-Year Power Purchase Agreement for Heber 1
New pricing is expected to add approximately $7 million to 2016 EBITDA
(Reno, Nev.) September 6, 2013 Ormat Technologies, Inc. (NYSE: ORA) announced today that it entered into a 10-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) to deliver electricity from its Heber 1...
Ormat Successfully Completed The Ngatamariki Geothermal Plant
With 4% over capacity, Ngatamariki Becomes World’s Largest Single-Site Binary Geothermal Power Plant
(Reno, Nev.) September 3, 2013 Ormat Technologies, Inc. (NYSE: ORA) announced today that it has successfully completed the 100 MW installed capacity Ngatamariki geothermal power plant in New Zealand under the $142 million Supply and Engineering,...
Ormat Technologies to Participate in the Jefferies 2013 Global Industrials Conference
RENO, Nev., August 7, 2013 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Doron Blachar, Chief Financial Officer, will present at the Jefferies 2013 Global Industrials Conference in New York. Mr. Blachar will provide an overview of the...
Ormat Technologies Reports 2013 Second Quarter Results
Quarterly revenues increased 20.5% to a record $152.7 million Quarterly dividend payments are resumed
RENO, Nevada, August 6, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter of 2013. Quarterly financial highlights compared to the same quarter last year: • Total revenues grew 20.5% ...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2013 Earnings Results
Call will be Webcast Simultaneously
RENO, Nev., July 17, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2013 earnings results in a press release that will be issued on Tuesday, August 6, 2013 after the market close. The Company has scheduled a...
Ormat Accelerates the Handover of the Momotombo Power Plant
The company received $7.5 million in lieu of unrealized EBITDA and expects to record approximately $2.5 million in capital gain
Reno, Nevada, June 3, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Holding Corp., the Company's wholly owned subsidiary, has sold its stake in the Momotombo Power Company (MPC), the operator of the Momotombo geothermal...
Ormat Technologies Reports 2013 First Quarter Results
RENO, Nevada, May 7, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter of 2013. Financial highlights & Recent Developments: • Total revenues amounted to $121.7 million; a 8.0% decrease from...
Ormat Technologies Commences Operation of 36 MW Geothermal Power Plant In Kenya
New Plant Increases Ormat’s Total Capacity to over 600 MW
(RENO, Nev.) May 2, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it reached commercial operation of Plant 2 in the Olkaria III complex in Naivasha, Kenya, increasing the company’s total generating capacity by 36 MW to 611...
Ormat Signs 20-Year Power Purchase Agreement for its Wild Rose Geothermal Project in Nevada
(Reno, Nev.) April 29, 2013 Ormat Technologies, Inc.’s (NYSE: ORA) wholly owned subsidiary entered into a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) to deliver electricity from its Wild Rose...