Ormat Technologies, Inc. Reports Second Quarter 2009 Results
Q2 net income increased 32.3% to $16.0 million; Q2 revenues increased 24.9% to $100.2 million;
RENO, Nevada, August 5, 2009 – Ormat Technologies, Inc. (NYSE: ORA) today announced record financial results for the second quarter of 2009. Second Quarter ResultsTotal revenues for the second quarter were $100.2 million, compared to $80.2...
Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2009 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, July 13, 2009 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2009 earnings results in a press release that will be issued on Wednesday, August 5, 2009 after the market close. The Company has scheduled a...
London, UK, June 17 2009 emeafinance Magazine awarded the project financing transaction of Ormat's 48 MW Olkaria III Geothermal Power Plant in Kenya the "Best EMEA Sustainability Deal for 2008".
The award was presented to Deutsche Investitions- und Entwicklungsgesellschaft mbH ("DEG"), the arranger and global agent of the US $105 million loan. The 10-year project finance loan is provided by a group of European Development Finance...
Ormat Technologies Announces $42 Million Senior Debt Financing for the Amatitlan Geothermal Power Plant in Guatemala
Reno, Nevada May 21, 2009 - Ormat Technologies, Inc. (NYSE: ORA) announced today that on May 18, 2009, its wholly-owned subsidiary, Ortitlan Limitada, signed a Note Purchase Agreement with TCW Global Project Fund II, Ltd., an energy and...
Ormat Technologies, Inc. Reports Record First Quarter 2009 Results
Q1 net income increased 45.2% to $14.5 million; Q1 total revenues increased 44.0% to $99.9 million with record Products Segment revenues of $37.3 million.
RENO, Nevada, May 11, 2009 - Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter 2009. For the three month period ended March 31, 2009, total revenues were $99.9 million, an increase of 44.0% from $69.4...
Ormat Technologies, Inc. to Host Conference Call Announcing first Quarter 2009 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, April 8, 2009 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2009 earnings results in a press release that will be issued early morning on Monday, May 11, 2009. The Company has scheduled a conference call to...
Ormat Technologies Commissions the OREG-4 Peetz Project
Reno, Nevada, March 23, 2009 - Ormat Technologies, Inc (NYSE:ORA), today announced that its Peetz Recovered Energy Generation (REG) project reached commercial operation. The project consists of a 4 MW REG power plant that converts recovered waste...
Ormat Technologies, Inc. to Present at the Jefferies 9th Global Clean Technology Conference
RENO, Nevada, March 11, 2009 - Ormat Technologies, Inc. (NYSE: ORA) today announced that it will be participating in the Jefferies 9th Annual Global Clean Technology Conference on March 17, 2009 in New York. Yoram Bronicki, President, Director, and...
Ormat Technologies, Inc. to Present at the Jefferies 9th Global Clean Technology Conference
RENO, Nevada, March 11, 2009 - Ormat Technologies, Inc. (NYSE: ORA) today announced that it will be participating in the Jefferies 9th Annual Global Clean Technology Conference on March 17, 2009 in New York. Yoram Bronicki, President, Director, and...
Ormat Technologies, Inc. to Participate in the Merrill Lynch Cleantech Leaders Conference
RENO, Nevada, March 9, 2009 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Dita Bronicki, chief executive officer, will present at the Merrill Lynch Cleantech Leaders Conference in New York City. Ms. Bronicki will provide an overview of...
Ormat Technologies Announces Closing of $105 Million Long-Term Senior Debt Financing for the Olkaria III Geothermal Power Project in Kenya
Reno, Nevada March 6, 2009– Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary, Orpower 4, Inc., concluded the closing under its previously announced loan documents for up to $105 million project financing to...
Ormat Technologies, Inc. Announces May 8, 2009 Annual Meeting of Stockholders
Reno, Nevada, March 5, 2009 - Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2008 annual meeting of stockholders will be held on Friday, May 8, 2009 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30...
Ormat Technologies Reports Record Fourth Quarter 2008 and Year-End Results
RENO, Nevada, February 25, 2009 – Ormat Technologies, Inc. (NYSE: ORA) today announced results for the fourth quarter and full year ended December 31, 2008. Highlights of the company performance include:  Revenues increased 35.2% for the...
Ormat Technologies Commissions the First Two Facilities of the OREG 2 Project
Reno, Nevada, February 12, 2009 - Ormat Technologies, Inc (NYSE:ORA), today announced that two of the four facilities in the OREG 2 Recovered Energy Generation (REG) project reached commercial operation in December 2008 and January 2009,...
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-end 2008 Earnings Results
Call Will be Webcast Simultaneously
RENO, Nevada, January 22, 2009 - Ormat Technologies, Inc. (NYSE: ORA) plans to announce its fourth quarter and year-end 2008 earnings results in a press release that will be issued on Tuesday, February 24, 2009. The Company has scheduled a...
Ormat Technologies Secures a $65 Million Contract for a New Geothermal Power Plant in Costa Rica
Reno, Nevada, January 21, 2009 – Ormat Technologies, Inc. (NYSE: ORA) today announced that it has signed a contract with Banco Centroamericano de Integración Económica ("BCIE") for the supply, supervision of installation, start-up...
Ormat Technologies Signs a $105 Million Long-Term Senior Debt Financing for the Olkaria III Geothermal Power Project in Kenya
Reno, Nevada January 8, 2009 - Ormat Technologies, Inc. (NYSE: ORA) announced today that on January 5, 2009, its wholly-owned subsidiary, Orpower 4, Inc., signed loan documents for project financing of up to $105 million to refinance Ormat’s...
Amatitlan Geothermal Project in Guatemala Receives United Nations' Clean Development Mechanism Registration
The Project is Expected to Offset 83,000 Tons of Carbon Dioxide Emissions Per Year
Reno, Nevada December 23, 2008 - Ormat Technologies, Inc. (NYSE: ORA) announced today that the Executive Board of the United Nations Framework Convention on Climate Change ("UNFCCC") officially registered Ormat's Amatitlan Geothermal...
Ormat Technologies Completes Kenyan Geothermal Project,Plant Expansion Will Meet Rising Demand for Clean, Renewable, Cost-Effective Power
Washington, DC, December 4, 2008 - Ormat Technologies, Inc. (NYSE: ORA) announced today at an American Council On Renewable Energy (ACORE) event the completion of phase two construction at the Olkaria III geothermal power plant in Kenya. The...
Ormat Technologies, Inc. Reports Third Quarter 2008 Results
Q3 Revenues Increased 25.5% to $99.7 million;Q3 Products Segment Revenues of $30.9 million
RENO, Nevada, November 5, 2008 -Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter of 2008. Third Quarter ResultsFor the three month period ended September 30, 2008, total revenues were $99.7 million, an...
Ormat Funding Corp. Declares the Expiration and Effective Date of its Previously Announced Consent Solicitation
Relating to the 8¼% Senior Secured Notes due December 30, 2020 CUSIP No.: 686685AB4
Reno, Nevada, October 29, 2008 - Ormat Funding Corp. (the "Company"), a wholly owned subsidiary of Ormat Technologies, Inc. (NYSE: ORA), today declared the Expiration and Effective Date of the consent solicitation launched on October 16,...
Geothermal Energy Improves U.S. Oil Recovery
RENO, Nevada, October 19, 2008 - Ormat Technologies, Inc. (NYSE: "ORA") announces the successful co-production of geothermal power at a producing oil well. This project marks the first of its kind by providing onsite fuel free e power that...
Ormat Technologies, Inc. to Participate in the Jefferies 6th Global Clean Technology Conference
RENO, Nevada, October 15, 2008 - Ormat Technologies, Inc. (NYSE: ORA) today announced that Dita Bronicki, chief executive officer, will present at the Jefferies 6th Global Clean Technology Conference in London, England. Ms. Bronicki will provide an...
Ormat Technologies, Closes $100 Million Line of Credit
This Addition Brings Total Available Credit Lines to $260 Million
Reno, Nevada, October 8, 2008 - Ormat Technologies, Inc. (NYSE: ORA) today announced that it has established a three-year $100 million line of credit through a commercial bank. In total, Ormat's approved unused corporate lines of credits with...
DOE Invests in Ormat Enhanced Geothermal System Research
Brady resource will be second EGS site for Ormat Technologies
Reno, Nevada, October 7, 2008 - Ormat Technologies, Inc. (NYSE: ORA) today announced that the Department of Energy (DOE) has once more chosen Ormat to demonstrate the viability of Enhanced Geothermal Systems (EGS) with a grant for nearly $3.4...