geothermal company News
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Ormat Technologies to Participate in the 26th Annual ROTH Conference
Ormat Technologies, Inc. (NYSE: ORA) today announced that Yoram Bronicki, president and chief operating officer, will present at the 26th Annual ROTH Conference in Dana Point, California. Mr. Bronicki will provide an overview of the business and financial highlights on Tuesday, March 11 at 3 p.m. PST. The event will be available via live, listen-only webcast. To access the live event, visit the ...
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Ormat Technologies Announces Completion of Share Exchange Transaction
Ormat Technologies, Inc. (NYSE:ORA) announced today that further to its news release on November 10, 2014, the Company completed the share exchange transaction with its parent entity, Ormat Industries Ltd. ("OIL") following which, it became a non-controlled public company and its public float increased from approximately 40% to approximately 76% of its total shares outstanding. Under the terms ...
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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 Kawerau, New Zealand. The construction of the project is expected to be completed in 2018. Under the Supply & EPC contracts, Ormat will provide ...
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Register Now to Save at Geothermal Event
Online registration for the GRC Annual Meeting & GEA GeoExpo+ will end at midnight on Saturday, October 22. Thereafter, attendees to the geothermal energy event of the year can only register onsite at the Sacramento Convention Center, with a $50 surcharge. The event will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or ...
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Early Bird Registration Deadline for GRC Annual Meeting is Next Week
The deadline for early-bird rates for registration for the biggest annual geothermal energy event in the world is August 31. The GRC Annual Meeting & GEA GeoExpo+ will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 1 to 4 at the Salt Palace Convention Center, Salt Lake City, ...
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McGinness Hills Phase 2 Geothermal Power Plant Begins Commercial Operation
Ormat Technologies, Inc. (NYSE: ORA) announced today that the second phase of its McGinness Hills geothermal power plant located in Lander County, Nevada has begun commercial operation. Since February 1, 2015, the complex sells electricity under the amended Power Purchase Agreement with NV Energy at a new energy rate of $85.58/MWh with a 1 percent annual escalator through December 2032. The ...
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Ormat Technologies Explores Potential Minority Investment in a Few of its U.S. Power Plants
With reference to reports appearing in the international media today, Ormat Technologies, Inc. (NYSE: ORA) clarified that, as part of a previously-announced ongoing strategic planning review, it continues to explore, with the assistance of an investment bank recently engaged for this matter, a possible transaction, whereby the Company might sell a minority stake of up to 49% in a small number of ...
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Mr. Yoram Bronicki Retiring as Director and Chairman of Board of Directors, and Mr. Gillon Beck appointed by the Board as Chairman
Ormat Technologies, Inc. (NYSE:ORA) announced today that Mr. Yoram Bronicki has resigned from his position as the Chairman of the Company’s Board of Directors, effective November 16, 2015. "Yoram Bronicki has managed and contributed to the Company's growth in his roles as chief operating officer and president, and has been extensively involved with the Company's missions in his role as ...
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Ormat Accelerates the Handover of the Momotombo Power Plant
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 power plant in Nicaragua, to a private company for $7.5 million, approximately one year before the scheduled termination of the concession arrangement with the Nicaraguan owner. The ...
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Registration Opens for GRC Annual Meeting & GEA GeoExpo+
Registration is now open for the biggest annual geothermal event of the year. The GRC Annual Meeting & GEA GeoExpo+ will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 1-4 at the Salt Palace Convention Center, Salt Lake City, Utah, USA. Early birds who register before ...
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Ormat Technologies announces closing of its equity transaction with Northleaf for the sale and purchase of an equity interest in a portfolio with an aggregate value of $442 million
Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary Ormat Nevada Inc. (Ormat) fulfilled all conditions precedent and achieved financial closing under the previously announced equity transaction with Northleaf Capital Partners. Pursuant to the purchase agreement, which the parties executed on February 5, 2015, Northleaf acquired a 36.75% equity interest in a ...
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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 for the Geotérmica Platanares geothermal project in Honduras with ELCOSA, a privately owned Honduran energy company, for approximately 15 years ...
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Ormat Accelerates the Handover of the Momotombo Power Plant
Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Holding Corp., the Company's wholly owned subsidiary, has soldits stake in the Momotombo Power Company (MPC), the operator of the Momotombo geothermal power plant in Nicaragua, to a private company for $7.5 million, approximately one year before the scheduled termination of the concession arrangement with the Nicaraguan owner. The ...
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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 November 15, 2015. “On behalf of the Board of Directors, we thank Dita for her longstanding service to the Company and its missions. Ms. Bronicki has ...
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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 commitment to climate action and to voice support for a strong outcome to the COP21 Paris climate negotiations. The American Business Act on ...
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Early Bird Registration Deadline for GRC Annual Meeting is This Weekend
The deadline for early-bird rates for registration for the biggest annual geothermal energy event in the world is September 30. The GRC Annual Meeting & Expo will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 14 to 17 at the Peppermill Resort Spa & Casino, Reno, Nevada, ...
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New cooperation agreement signed for geothermal development in Serbia
NIS a Serbian energy company and Betec a geothermal development firm in Belgrade have signed a Co-Operation Agreement on developing Geothermal energy in Serbia, as announced by the partners today. The companies will jointly develop geothermal active areas in northern Serbia by drilling new production wells and building power plants based on the well head power plant technology. The drilling ...
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Dandelion Energy Celebrates New Tax Credit for New York Homeowners Who Install Geothermal Systems
Dandelion Energy, the nation’s leading home geothermal company, celebrates the passing of the New York state budget, which includes a new tax credit for residential geothermal heat pump installations in New York. The new geothermal tax credit is available for any system installed after January 1, 2022, and homeowners can carry the tax credit forward for five years if their New York income ...
By Dandelion
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Registration Opens for GRC Annual Meeting & Expo
Registration is now open for the biggest annual geothermal event of the year. The GRC Annual Meeting & Expo will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 14-17 at the Peppermill Resort Spa & Casino, Reno, Nevada, USA. Early birds who register before September 30 ...
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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 (net) on a yearly average basis, above the nominal target of 16.2 MW listed in the 20-year Power Purchase Agreement (PPA) with the Southern ...
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