No Major Damage to Ormat’s Amatitlan Power Plant Resulting From Guatemalan Volcanic Eruption
Reno, Nevada, June 1, 2010 - Ormat Technologies, Inc. (NYSE: ORA) today announced that due to the May 28 volcanic eruption of Volcano De Pacaya in Guatemala its 20MW Amatitlan power plant was temporarily shut down in order to safeguard...
Ormat Technologies, Inc. to Present at the Bank of America Merrill Lynch Alternative Energy Forum
RENO, Nevada, May 27, 2010 - Ormat Technologies, Inc. (NYSE: ORA) today announced that it will be participating in the Bank of America Merrill Lynch Alternative Energy Forum on June 3, 2010 in New York.   Dita Bronicki, Chief Executive...
Ormat Technologies, Inc. Announces Parent approval of Share Purchases
RENO, Nevada, May 10, 2010 - Ormat Technologies, Inc. (NYSE: ORA) (the “Company”) today announced that its parent company, Ormat Industries Ltd. (“Parent”), advised it of a recently approved plan by the Parent to acquire...
Ormat Technologies Reports First Quarter 2010 Results Q1 Net Income of $1.8 Million; Q1 Total Revenues of $82.7 Million
RENO, Nevada, May 5, 2010 -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter 2010.   For the three months ended March 31, 2010, total revenues were $82.7 million, compared to $99.3 million in the...
Medco-Ormat-Itochu-Kyushu Consortium Executed an Agreement re Amendments to the Energy Sales Contract for the Sarulla Geothermal Project
 RENO, Nevada- April 26, 2010 - Ormat Technologies, Inc. (NYSE: ORA) announced today that the Medco-Ormat-Itochu-Kyushu Consortium (the “Consortium”), which consists of Medco Energi Internasional Tbk, Ormat International Inc., a...
Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2010 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, April 14, 2010 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2010 earnings results in a press release that will be issued on Wednesday, May 5, 2010 after the market close. The Company has scheduled a...
Ormat Technologies, Inc. to Hold Analyst & Investor Day in New York
RENO, Nevada, March 15, 2010 - Ormat Technologies, Inc. (NYSE: ORA) today announced that it will be hosting an Analyst & Investor Day on Friday, April 9, 2010 in New York City. Dita Bronicki, CEO, Yoram Bronicki, President and COO and other key...
Ormat Technologies Closes Acquisition of Hot Sulphur Springs II, LLC.
Reno, Nevada, March 11, 2010 - Ormat Technologies (NYSE: ORA), today announced that its wholly owned subsidiary, Ormat Nevada Inc., has completed its acquisition of membership interests in the Hot Sulphur Springs II LLC(“HSS”), which...
Ormat Technologies, Inc. Announces May 6, 2010 Annual Meeting of Stockholders
Reno, Nevada, March 3, 2010 - Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2010 annual meeting of stockholders will be held on Thursday, May 6, 2010 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30...
David Wagener to Join Ormat Technologies' Board of Directors
Reno, Nevada, February 24, 2010 – Ormat Technologies, Inc. (NYSE: ORA) today announced the appointment of Mr. David Wagener of Wagener Capital Management as a new independent member of the Board of Directors of the Company. Mr. Wagener will...
Ormat Technologies Reports Record 2009 Year End Results, Fourth Quarter 2009 Results
Annual net income increased to $68.6 million, Annual revenue increased 20.4% to $415.2 million, Q4 2008 and full year 2008 restated
RENO, Nevada, February 23, 2010 - Ormat Technologies, Inc. (NYSE: ORA) today announced results for the fourth quarter and full year ended December 31, 2009. Highlights of the Company performance include. • Revenues increased 20.4% for the year...
Ormat Technologies Signs Letter of Intent with KPLC to Increase Capacity of the Olkaria III Geothermal Power Plant
Reno, Nevada, February 17, 2010 - Ormat Technologies (NYSE: ORA), announced today that its project subsidiary has signed a letter of intent with the off-taker, Kenya Power & Lighting Co. Ltd (“KPLC”), for further expansion of its...
North Brawley Power Plant Placed in Service; Currently Generating 17 MW; Additional Operations Update
Reno, Nevada, February 9, 2010 - Ormat Technologies, Inc. (NYSE:ORA) announced today that its North Brawley power plant in California has been placed in service and is currently operating at a stable capacity of 17 MW. As previously disclosed, while...
Ormat Nevada Inc. Signs Purchase Agreement for an Advanced Stage Development Property
Reno, Nevada, February 9, 2010 - Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its wholly owned subsidiary, Ormat Nevada Inc. has signed an agreement to acquire 100% of the membership interests in HSS II, LLC, which includes the...
Ormat Technologies Provides Puna Power Plant Update
Reno, Nevada, February 4, 2010 - Ormat Technologies, Inc. (NYSE:ORA) today issued an update on its 30 MW Puna ("Puna") power plant in Hawaii. Puna is currently operating at approximately 17 MW as a result of a decline of the steam supply...
Ormat Technologies Awarded Exploration Concession in Chile
Reno, Nevada, February 3, 2010 - Ormat Technologies, Inc.(NYSE:ORA), today announced  that its subsidiary, Ormat Andina SA., was recently awarded a geothermal exploration concession in Northern Chile in the area of San Pablo II.  The...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2009 Earning Results
Call Will be Webcast Simultaneously
RENO, Nevada, January 21, 2010 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2009 earnings results in a press release that will be issued on Tuesday, February 23, 2010. The Company has scheduled a...
Ormat Technologies – Jacob J. Worenklein to Step Down from Board of Directors on March 31, 2010
Reno, Nevada, January 20, 2010 - Ormat Technologies, Inc. (NYSE:ORA) today announced that Mr. Jacob J. Worenklein, a member of the Company’s Board of Directors and Audit Committee since November 2004, has informed the Company that he will step...
Ormat Technologies, Inc. Signs a New 20-Year PPA with Nevada Power Company for 30 MW of Geothermal Power
Industry Stimulated by New Funding Options
RENO, Nevada, November 9, 2009 - Ormat Technologies, Inc. (NYSE: ORA) announced that one of its subsidiaries has signed a 20-year power purchase agreement (PPA) with Nevada Power Company (a subsidiary of NV Energy, Inc.) to purchase 30...
Ormat Technologies, Inc. to Participate in the Thomas Weisel Partners Alternative Energy & Natural Resources Conference
RENO, Nevada, November 9, 2009 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Dita Bronicki, chief executive officer, will present at the Thomas Weisel Partners Alternative Energy & Natural Resources Conference. Ms. Bronicki...
Ormat Technologies, Inc. Reports Third Quarter 2009 Results
Q3 Net Income increased 48% to $23.4 million, Q3 Revenue increased 20% to $119.8 million
RENO, Nevada, November 4, 2009 –Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter of 2009. Third Quarter ResultsFor the three-month period ended September 30, 2009, total revenues were $119.8 million...
Ormat Technologies, Inc. Announces Re-Purchase of Part-Ownership Interest in Certain of its Geothermal Power Projects from an Institutional Equity Investor
RENO, Nevada, November 3, 2009 – Ormat Technologies, Inc. (NYSE: ORA) today announced that on October 30 its wholly-owned subsidiary, Ormat Nevada Inc., concluded the purchase of all of the class B membership interests in OPC LLC held by...
Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2009 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, October 20, 2009 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2009 earnings results in a press release that will be issued on Wednesday , November 4, 2009 after the market close. The Company has scheduled...
Ormat Signs Joint Venture Agreement for Solar (PV) Power Systems
Reno, Nevada, October 19, 2009 - Ormat Technologies, Inc. (NYSE: ORA), announced today that its Israeli subsidiary, Ormat Systems Ltd., has signed a Joint Venture Agreement (“JVA”) with Sunday Energy Ltd. (“Sunday”), an...
Mammoth Pacific Geothermal Power Plant Honored with Environmental Award from State of California
Reno, Nevada, August 20, 2009 - Mammoth Pacific geothermal power plant, operated and partially-owned by Ormat Technologies, Inc. (NYSE: ORA), received the California Department of Conservation’s Outstanding Lease Maintenance Award for its...