operating geothermal News
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Utah to Host Ultimate Geothermal Energy Event in October
Over 1,300 attendees will gather at the world’s largest annual geothermal energy event, the GRC Annual Meeting and GeoExpo+, at the Salt Palace Convention Center in Salt Lake City, Utah from October 1-4, 2017. Utah Governor Gary Herbert will address the Opening Session of the GRC Annual Meeting on Monday, October 2, and he will be joined by other special guests and energy experts. The ...
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NV Energy approves commercial operation date for the McGinness Hills Geothermal Power Plant
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. Following the COD approval, the plant is receiving full energy prices from July 1, 2012. About Ormat Technologies Ormat Technologies, Inc. is the only vertically integrated company ...
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The Geothermal Resources Council Announces 2016 Amateur Photo Contest
The Geothermal Resources Council (GRC) is pleased to announce this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The winners will be announced at the GRC Annual Member Meeting and Awards Luncheon, the climax to the 40th GRC Annual Meeting & GEA Geothermal Energy Expo being held in Sacramento, ...
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Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2011 Earnings Results
Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2011 earnings results in a press release that will be issued on Wednesday, August 3, 2011 after the market close. The Company has scheduled a conference call to discuss the results at 10:00 A.M. EDT on Thursday, August 4, 2011. The conference call will be broadcast live as a listen-only webcast. To listen to the call, ...
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Ormat Signs Agreement for North American Geothermal Power Plant Project
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 competitive bid process. Under the expected EPC contract, which is currently under negotiation, Ormat will provide two air-cooled Ormat Energy Converters for a geothermal power plant ...
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Ormat Technologies Signs EPC Contract with Enel Green Power North America for Cove Fort Geothermal Power Plant Project
Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly owned subsidiary, Ormat Nevada Inc., concluded and signed a $61.4 million engineering, procurement and construction (EPC) contract with Enel Green Power North America. Under the EPC contract, Ormat will provide two air-cooled Ormat Energy Converters at Enel’s Cove Fort geothermal power plant project in southern Utah. As ...
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Massachusetts Homeowners Earn Cash Back with Geothermal
Massachusetts Homeowners Can Earn Alternative Energy Credits with a Geothermal System Massachusetts has a little-known program that offers cash back to homeowners who install geothermal heating systems. All geothermal systems installed in Massachusetts are eligible to earn Alternative Energy Credits (AECs) through the Massachusetts Department of Energy Resources (MA DOER). If the heating ...
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Deadline for GRC Geothermal Photo Contest is Next Week
The Geothermal Resources Council (GRC) is pleased to announce this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The winners will be announced at the GRC Annual Member Meeting and Awards Luncheon, the climax to the 39th GRC Annual Meeting & GEA Geothermal Energy Expo being held at the Peppermill ...
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The Geothermal Resources Council Announces 2014 Amateur Photo Contest
The Geothermal Resources Council (GRC) is pleased to announce this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The winners will be announced at the GRC Annual Member Meeting and Awards Luncheon, the climax to the 38th GRC Annual Meeting & GEA Geothermal Energy Expo being held at the Oregon ...
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Ormat Technologies Receives US$ 310 Million Commitment Letter to Refinance and Expand Its Olkaria III Geothermal Complex in Kenya
Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary, Ormat International, Inc., signed a commitment letter issued by the Overseas Private Investment Corporation ("OPIC") to provide project financing of up to $310 million, to refinance and expand Ormat's 48 MW Olkaria III geothermal complex located in Naivasha, Kenya. Under the agreed term sheet attached to the ...
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Ormat Technologies, Inc. announces appointment of new CFO
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 Economics and an M.B.A. degree from Tel Aviv University and is a Certified Public Accountant in Israel. He has 20 years of experience as a finance professional with public companies ...
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The Geothermal Resources Council Announces 2018 Amateur Photo Contest
The Geothermal Resources Council (GRC) is pleased to announce this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The winners will be announced at the GRC Annual Meeting & Expo being held in Reno, Nevada, USA from October 14-17. The first place winner will receive $150, second place - $100, and ...
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Ormat Technologies, Inc. Announces Partnership Transaction Of Eight Geothermal Power Plants Valued At Up To $44.4 Million
Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., a wholly-owned subsidiary (Ormat Nevada), and JPM Capital Corporation (JPM) entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada. Under the transaction, Ormat Nevada transferred the plants into a new subsidiary, ORTP, LLC (ORTP), and sold an interest in ...
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The Geothermal Resources Council Announces 2015 Amateur Photo Contest
The Geothermal Resources Council (GRC) is pleased to announce this year’s Amateur Photo Contest. The purpose of the contest is to showcase quality photography featuring geothermal energy around the world. The winners will be announced at the GRC Annual Member Meeting and Awards Luncheon, the climax to the 39th GRC Annual Meeting & GEA Geothermal Energy Expo being held at the Peppermill ...
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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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Ormat Technologies Announces Financial Closing and First Drawdown on Long-Term Debt Financing for the Expansion of Olkaria III Geothermal Power Complex in Kenya
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 totaling up to $310 million for the Olkaria III geothermal power complex located in Naivasha, Kenya, with the Overseas Private Investment Corporation (OPIC), an agency of the United ...
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Ormat Technologies, Inc. Provides Information on Transaction Involving Shares of Its Parent Entity
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. ("BIL"), the controlling shareholder of Ormat Industries, and FIMI ENRG Limited Partnership, a newly formed Israeli partnership and FIMI ENRG, a new formed Delaware partnership, both controlled ...
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Pöyry helps Eastern Africa in the search of geothermal resources
/www.w3.org/1999/xhtml">Pöyry helps Eastern Africa in the search of geothermal resources PÖYRY PLC Press release 16 May 2012 Pöyry's Energy business group has been awarded a Consulting Contract by the African Union Commission (AUC) in cooperation with the KfW Development Bank for the establishment and operation of the Geothermal Risk Mitigation Facility (GRMF) for ...
By Pöyry PLC
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Ormat Updates Impact of California Global Settlement on its 2012 and 2013 Revenues
RENO, Nev., Jan. 30, 2012 /PRNewswire/ -- 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") pricing applicable to power purchase agreements ("PPAs") for the Heber 1 and 2 power plants, the Ormesa complex and the Mammoth complex in ...
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Celebrating Success: EGEC reaches +200 Members Milestone
EGEC is thrilled to announce its membership has surpassed the remarkable number of more than 200 esteemed members, with 30 new members joined EGEC in 2023. This is a significant milestone in EGEC’s mission towards establishing geothermal as a unique energy source in Europe and beyond. This achievement reflects the growing recognition and support for geothermal energy as a sustainable, ...
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