Ormat Technologies, Inc. Announces a Non-Cash Pre-Tax Charge for Impairment to Its North Brawley Geothermal Power Plant
(RENO, Nev.) January 23, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it will record a non-cash pre-tax charge of up to $230 million during the fourth quarter of 2012 for impairment to the company’s North Brawley power...
Ormat Technologies, Inc. Announces Appointment of New CFO
RENO, NEVADA, January 7, 2013 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that Mr. Doron Blachar has been appointed Chief Financial Officer of the Company, effective April 2, 2013. Mr. Blachar, 45, holds a B.A. degree in Accounting and...
Ormat Technologies, Inc. to Develop a Geothermal Project in Honduras
(RENO, Nev.) November 13, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that an Ormat subsidiary entered into an agreement with Geotérmica Platanares to acquire a late stage development geothermal project in Honduras.The project...
Ormat Technologies Announces Financial Closing and First Drawdown on Long-Term Debt Financing for the Expansion of Olkaria III Geothermal Power Complex in Kenya
The Loan is Provided by OPIC an Agency of the US Government
(RENO, Nev.) November 11, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4, Inc., its indirect wholly owned subsidiary, has completed the financial closing of a previously announced limited-recourse project financing...
Ormat Technologies Reports 2012 Third Quarter Results
Quarterly revenues increased 23 percent to a record $136.1 million
(RENO, Nev.) November 6, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter of 2012. Quarterly highlights and recent developments: • Total revenues increased 23 percent to a record $136.1...
Ormat Technologies, Inc. To Host Conference Call Announcing Third Quarter 2012 Earnings Results
Call will be Webcast Simultaneously
(RENO, Nev.) October 17, 2012 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2012 earnings results in a press release that will be issued on Tuesday, November 6, 2012 after the market close. The Company has scheduled a...
Ormat Technologies Signs Long-Term Debt Financing for up to $310 Million for The Olkaria III Geothermal Power Complex in Kenya
RENO, Nevada, August 27, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that OrPower 4, Inc., its indirect wholly owned subsidiary, and the Overseas Private Investment Corporation (OPIC), an agency of the United States Government,...
NV Energy Approves Commercial Operation Date for The McGinness Hills Geothermal Power Plant
RENO, Nevada, August 20, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that NV Energy approved the Commercial Operation Date for the 30-MW (net capacity) McGinness Hills geothermal power plant located in Lander County, Nevada....
Ormat Technologies Reports 2012 Second Quarter Results
Quarterly revenues increased 24 percent to $129.8 million; Q2 net income of $8.7 million
(RENO, Nev.) August 1, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter of 2012. Quarterly highlights and recent developments: • Total revenues increased 24 percent to $129.8 million•...
Ormat Announces Commercial Operation of Mcginness Hills Geothermal Power Plant
RENO, Nevada, July 26, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that its McGinness Hills geothermal power plant located in Lander County, Nevada met the requirements for commercial operation under the OFC 2 Senior Secured Notes....
Ormat Technologies Signs EPC Contract with Enel Green Power North America for Cove Fort Geothermal Power Plant Project
RENO, Nevada, July 16, 2012 -- Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly owned subsidiary, Ormat Nevada Inc., concluded and signed a $61.4 million engineering, procurement and construction (EPC) contract with Enel Green...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2012 Earnings Results
Call will be Webcast Simultaneously
RENO, Nevada, July 10, 2012 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2012 earnings results in a press release that will be issued on Wednesday, August 1, 2012 after the market close. The Company has scheduled a...
Ormat Technologies, Inc. to Hold Analyst & Investor Day in New York
RENO, Nevada, May 31, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that it will host an Analyst & Investor Day on Wednesday, June 13, 2012 in New York City. Ormat’s management and newly appointed Chairman Gillon Beck will...
Ormat Technologies, Inc. Provides Information on Closing of Transaction Involving Shares of its Parent Entity
Reno, Nevada, May 23, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it has been informed by Ormat Industries, Ltd., its parent entity ("Ormat Industries"), that the transaction by and among Bronicki Investments Ltd. (...
Ormat Technologies Reports First Quarter 2012 Results
Record quarterly revenues of $132.4 million and cash flow from operations of $41.9 million; Q1 net income of $8.0 million
RENO, Nevada, May 8, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter of 2012. Quarterly highlights and recent developments: • Total revenues increased 35 percent to $132.4 million;• Cash...
Ormat Signs Agreement for North American Geothermal Power Plant Project
Reno, Nevada, April 25, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., its wholly owned subsidiary, was selected to supply a $61.2 million engineering, procurement and construction (EPC) contract through a...
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2012 Earnings Results
Call will be Webcast Simultaneously
RENO, Nevada, April 16, 2012 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2012 earnings results in a press release that will be issued on Tuesday, May 8, 2012 after the market close. The Company has scheduled a...
Ormat Technologies, Inc. provides information on transaction involving shares of its parent entity
Reno, Nevada, March 16, 2012 -- Ormat Technologies, Inc. (NYSE: ORA) today announced that it has been informed by Ormat Industries, Ltd., its parent entity ("Ormat Industries"), of a transaction by and among Bronicki Investments Ltd. (...
Ormat Annual Meeting of Stockholders To Be Held May 8, 2012
Reno, Nevada, March 7, 2012-- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2012 annual meeting of stockholders will be held on Tuesday, May 8, 2012 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30...
Ormat Technologies Reports 2011 Year End and Fourth Quarter 2011 Results
Operating Income Increased 172% to $64 million
RENO, Nevada, February 23, 2012 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2011. The highlights for the year and recent developments: Total revenues increased 17...
Ormat Technologies, Inc. Awarded First Tender for Geothermal Power Plant by GDC in Kenya
Reno, Nevada, February 16, 2012 - Ormat Technologies, Inc. (NYSE:ORA) today announced that Geothermal Development Company (GDC), owned by the Government of Kenya, has awarded Ormat International Inc., a subsidiary of Ormat Technologies, Inc., its...
Ormat Updates Impact of California Global Settlement on its 2012 and 2013 Revenues
New Projects and Strong Product Pipeline to Mitigate Lower Natural Gas Prices
RENO, Nevada, January 30, 2012 – Ormat Technologies, Inc. (NYSE: ORA) announced today that it is revising its previously issued expectations pertaining to the impact of recently finalized mandatory short-run-avoided-cost (“SRAC”)...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2011 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, January 23, 2012 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2011 earnings results in a press release that will be issued on Wednesday, February 22, 2012 after the market close. The Company...
Ormat Signs an EPC Contract with Thermo No. 1 BE-01, LLC
RENO, Nevada, December 26, 2011 – Ormat Technologies, Inc. (NYSE: ORA) announced today that on December 20, 2011, Ormat Nevada Inc., its wholly-owned subsidiary, signed a $21.4 million engineering, procurement and construction (EPC) contract...
Ormat Signs Termination Agreement for PPA with NV Energy for Carson Lake Project
RENO, Nevada, Dec. 22, 2011 -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it has signed a termination agreement with respect to the power purchase agreement (PPA) and joint operating agreement with NV Energy for the Carson Lake...