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Last updated on April 19, 2014 at 18:42 EDT

Latest Ormat Technologies Inc. Stories

2014-02-03 12:21:46

LONDON, Feb. 3, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:Global Geothermal Power Generation Market 2012-2016 TechNavio's analysts forecast the Global Geothermal Power Generation market to grow at a CAGR of 9.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing consumption of renewable energy. The Global Geothermal Power Generation market has also been witnessing increasing investments...

2013-07-09 08:21:49

SAN FRANCISCO, July 9, 2013 /PRNewswire/ -- ET Solar Group Corp. ("ET Solar"), a leading solar one-stop solution provider, today announced that it is supplying 10.8MW photovoltaic modules to Ormat Technologies Inc. ( "Ormat"), a world leader in the geothermal power plant sector, for their first photovotalic power plant in California. This photovotalic power plant is located near Ormat's geothermal power plant in Imperial Valley, about 140 miles to the east of San Diego. It is...

2013-06-03 08:22:20

The company received $7.5 million in lieu of unrealized EBITDA and expects to record approximately $2.5 million in capital gain RENO, Nev., June 3, 2013 /PRNewswire/ -- 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...

2013-05-07 16:31:09

RENO, Nevada, May 7, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter of 2013. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) Financial highlights & Recent Developments: Total revenues amounted to $121.7 million; a 8.0% decrease from the first quarter of 2012, mainly due to a reduction in the electricity segment revenues of $9.3 million related to our SO#4 PPAs in California and a net loss of $4.6...

2013-05-02 20:20:30

New Plant Increases Ormat's Total Capacity to over 600MW RENO, Nev., May 2, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it reached commercial operation of Plant 2 in the Olkaria III complex in Naivasha, Kenya, increasing the company's total generating capacity by 36 MW to 611 MW worldwide. Ormat also plans to add an additional 16 MW of generation at Olkaria III by building a third plant, which it expects to complete in 2014. Once Plant 3 is...

2013-04-29 08:23:09

RENO, Nev., April 29, 2013 /PRNewswire/ -- Ormat Technologies, Inc.'s (NYSE: ORA) wholly owned subsidiary entered into a 20-year Power Purchase Agreement (PPA) with Southern California Public Power Authority (SCPPA) to deliver electricity from its Wild Rose geothermal power plant in Mineral County, Nevada. When Wild Rose comes online at the end of 2013, it will mark the first time renewable energy will be delivered from Nevada to California using NV Energy's One Nevada Transmission Line....

2013-04-25 04:20:39

Call Will be Webcast Simultaneously RENO, Nev., April 25, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) plans to announce its first quarter 2013 earnings results in a press release that will be issued on Tuesday, May 7, 2013 after the market close. The Company has scheduled a conference call to discuss the results at 9:00 A.M. EDT on Wednesday, May 8, 2013. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) The conference call will be broadcast live as a...

2013-04-10 08:23:50

DOE, Ormat and GeothermEx Collaboration Produces Electricity Using In-field EGS RENO, Nev., April 10, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA), the U.S. Department of Energy and GeothermEx successfully produced 1.7 additional megawatts from an Enhanced Geothermal System (EGS) project inside an existing wellfield in the U.S. This is the first EGS project to be connected to the electricity grid. Using innovative subsurface technologies, research and development teams...

2013-04-04 04:20:13

Ormat named power plant technology provider RENO, Nev., April 4, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that Sarulla Operations Ltd. (SOL) has signed a Joint Operating Contract (JOC) and Energy Sales Contract (ESC) for the 330 MW Sarulla geothermal power project in Tapanuli Utara, North Sumatra in Indonesia. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) Ormat participation in this project includes two roles. Ormat designed...

2013-03-20 08:21:45

The improved energy rates under the new PPAs, are secured until 2033 and will significantly improve the Mammoth complex profitability RENO, Nev., March 20, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that in April 2013 it will begin selling up to 14 MW of geothermal power from the G3 plant in the Mammoth Complex in California to Pacific Gas & Electric (PG&E) under a new 20 year power purchase agreement (PPA) . Deliveries under a separate PPA...