recovered energy generation power plant News
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Ormat enters joint development agreement with eBay Inc. for development of five-megawatt recovered energy generation power plant
Ormat Technologies, Inc.’s (NYSE: ORA) wholly owned subsidiary entered a Joint Development Agreement with eBay Inc. for the development of a five-megawatt Recovered Energy Generation (REG) power plant to be constructed in Utah. The Joint Development Agreement allows Ormat and eBay Inc. to advance negotiations on a 20-year term contract and begin preliminary development work to supply ...
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Ormat Technologies Reports 2013 Third Quarter Results
Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter of 2013. Quarterly financial highlights compared to the same quarter last year: Electricity revenue increased by 14.7% to $89.0 million; Gross margin grew 75 basis points to 30.4%; Operating income reached $29.8 million compared to $12.1 million; Net income attributable to the Company’s ...
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Workshops and Field Trips Announced for Geothermal Resources Council Annual Meeting
The Geothermal Resources Council (GRC) has announced more details of events at the world’s largest annual geothermal conference at the MGM Grand Hotel in Las Vegas, Nevada. In addition to the main event of the GRC Annual Meeting & GEA Geothermal Energy Expo taking place September 29-October 2, 2013, there will be two workshops and two field trips before the conference and one field trip ...
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Ormat Technologies Inc. Announces $175 Million Agreement with Northleaf Capital Partners for a 40% Equity Investment in Certain Power Plants at a Valuation of $438 Million
Ormat Technologies, Inc. (NYSE: ORA) (the “Company”), today announced that its wholly-owned subsidiary Ormat Nevada Inc. (“Ormat”) has entered into a binding agreement with infrastructure funds managed by Northleaf Capital Partners (“Northleaf“) under which Ormat will contribute certain geothermal and recovered energy generation power plants into a newly ...
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Portfolio 21`s top 10 `Green` companies for 2011
Global mutual fund Portfolio 21 (PORTX) today announced its Top 10 Green Companies for 2011. Portfolio 21 invests only in companies with an explicit commitment to environmental business practices, such as designing ecologically superior products, using renewable energy, developing efficient production methods, and reducing greenhouse gas emissions. The success of the green strategy has resulted ...
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