88 News & Press Releases found
Ormat Technologies, Inc. News
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One of the World`s Largest Geothermal Power Plants Commences Commercial Operation
Toshiba Corporation (TOKYO: 6502) and Ormat Technologies Inc. (NYSE: ORA) today announced that the first unit of the Sarulla geothermal power plant, one of the world`s largest power plants, located in Indonesia`s North Sumatra, has commenced ...
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Ormat Technologies Announces Closing of the Acquisition of Viridity Energy
Ormat Technologies, Inc. (“Ormat”) (NYSE:ORA) today announced that it has closed its previously announced acquisition of substantially all of the business and assets of Viridity Energy, Inc. (VEI). VEI is a privately held ...
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Ormat Enters the Growing Energy Storage and Demand Response Markets by Acquiring the Business of Viridity Energy
Ormat Technologies, Inc. (“Ormat”) (NYSE: ORA) today announced that it has entered into a definitive agreement to acquire substantially all of the business and assets of Viridity Energy, Inc. (“Viridity”), a privately held ...
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Ormat Signs a $36 Million EPC Contract with Cyrq Energy, Inc. for the Soda Lake 3 Geothermal Project in Nevada
Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary, Ormat Nevada Inc., concluded and signed a $36 million engineering, procurement and construction (EPC) contract with a subsidiary of Cyrq Energy, Inc. (Cyrq). Under the EPC ...
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Ormat Technologies Announces Closing of Private Placement of $92.5 Million Senior Secured Notes to Refinance the Don A. Campbell Phase I Geothermal Power Project
Ormat Technologies, Inc. (NYSE: ORA) today announced that ORNI 47 LLC successfully issued and sold $92.5 million in aggregate principal amount of its 4.03% Senior Secured Notes due 2033. The Senior Secured Notes were issued in a private placement ...
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Ormat Technologies Signs 25-year Power Purchase Agreement for the Ormesa Geothermal Complex in California
Ormat Technologies, Inc. (NYSE: ORA) today announced that its subsidiary entered into a 25-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) to deliver electricity from its Ormesa geothermal complex in ...
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Ormat Technologies Announces Closing of a Follow-On Sale of 36.75% Equity Interest in the Second Phase of the Don A. Campbell Geothermal Power Plant to Northleaf for $44.2 million
Ormat Technologies, Inc. (NYSE: ORA) today announced that its wholly-owned subsidiary, Ormat Nevada Inc. (Ormat), closed a follow-on equity transaction with Northleaf Capital Partners (Northleaf). Northleaf purchased a 36.75% equity interest in the ...
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Ormat Announces Closing of Acquisition of the Bouillante GeothermalPower Plant in the Island of Guadeloupe
Ormat Technologies, Inc. (NYSE:ORA) announced today it has closed its previouslyannounced acquisition of Geothermie Bouillante SA (GB). GB owns and operates the 14.75 MW Bouillantegeothermal power plant located in Guadeloupe Island, a French ...
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Ormat Completes Construction at Veyo Recovered Energy Generation Project in Southern Utah for UAMPS
Ormat Technologies, Inc. (NYSE:ORA) announced today that construction was completed at the Veyo Heat Recovery Project in southern Utah. This project falls under a $22.3 million engineering, procurement and construction (EPC) contract with Utah ...
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Ormat Technologies Secures $36 Million Supply & EPC Contracts for a Geothermal Power Plant in New Zealand
Ormat Technologies, Inc. (NYSE: ORA) today announced that one of its subsidiaries has signed a $36 million Supply, Engineering, Procurement and Construction, (EPC) contracts, with Eastland Group for the Te Ahi O Maui geothermal project located near ...
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Ormat and Alevo to Jointly Build, Own and Operate First Energy Storage Project in Georgetown, Texas
Ormat Technologies, Inc. (NYSE:ORA) announced today its subsidiary has signed an agreement with a subsidiary of Alevo Group SA, a leading provider of energy storage systems, to jointly build, own and operate the Rabbit Hill Energy Storage Project, ...
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Ormat Signs Definitive Agreements to acquire Geothermal Power Plant in the Island of Guadeloupe
Ormat Technologies, Inc. (NYSE:ORA) announced today it has signed an Investment Agreement and Shareholders Agreement with Sageos holding (Sageos), a fully owned subsidiary of Bureau de Recherches Géologiques et Minières (BRGM), the ...
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Ormat Technologies to Present at the 28th Annual ROTH Conference
Ormat Technologies, Inc. (NYSE: ORA) today announced that Smadar Lavi, VP of Corporate Finance and Investor Relations, will be presenting at the 28th Annual ROTH Conference on Monday, March 14, 2016 at 10:00 a.m. PT in Salon 1. The presentation will ...
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Ormat to Host Investor Event on March 9, 2016 in Tel-Aviv
Ormat Technologies, Inc. (NYSE: ORA) today announced that the Company will host an Investor Event from 9:00 a.m. to 11:00 a.m. (IST) on Wednesday, March 9, 2016 in Tel-Aviv. Formal presentations will start promptly at 9:30 a.m. (IST). Isaac Angel, ...
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Ormat Announces Commercial Operation of Plant 4 in Olkaria III in Kenya, Expanding Complex Capacity to Nearly 140 MW
Ormat Technologies, Inc. (NYSE:ORA) announced today that it reached commercial operation of Plant 4 in the Olkaria III complex in Kenya, increasing the complex total generating capacity by 29 MW to 139 MW. Plant 4 will sell its electricity to Kenya ...
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Ormat Announces Start of Construction of the 35 MW Platanares Geothermal Project in Honduras
Ormat Technologies, Inc. (NYSE:ORA) announced today that its indirect, wholly owned subsidiary has commenced construction of the 35 MW Platanares geothermal project in Honduras. In 2013, Ormat signed a Build, Operate, and Transfer (BOT) contract ...
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Ormat to Acquire Geothermal Power Plant in the Island of Guadeloupe
Ormat Technologies, Inc. (NYSE:ORA) announced today it has signed a binding Memorandum of Understanding (MOU) to acquire, gradually, 85% of Geothermie Bouillante SA (GB) at a total company enterprise value of up to around €52 million ...
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Ormat Joins the American Business Act on Climate Pledge
Ormat Technologies, Inc. (NYSE:ORA) announced today it has joined the American Business Act on Climate Pledge, joining more than 140 companies from across the American economy that are standing with the Obama Administration to demonstrate an ongoing ...
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Ms. Dita Bronicki Retiring from Board of Directors
Ormat Technologies, Inc. (NYSE:ORA) announced today that Ms. Dita Bronicki has informed the Company that she will resign from her position as a Director on the Company`s Board of Directors and a member of the Compensation Committee, effective ...
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Don A. Campbell Phase 2 Geothermal Power Plant in Nevada Begins Commercial Operation
Ormat Technologies, Inc. (NYSE:ORA) announced today that the second phase of its Don A. Campbell geothermal power plant located in Mineral County, Nevada began commercial operation on September 17, 2015. The power plant is expected to generate 19 MW ...