Headquartered in Reno, Nevada, Ormat is a world leader in the geothermal power plant sector. The Company has over four decades of experience in the development of state-of-the-art, environmentally sound power solutions.
Ormat is a vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The in-depth knowledge gained from these operations gives the Company the competitive edge by enabling efficient maintenance and timely response to operational issues.... More >> |
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25 August 2010
Ormat Technologies Announces Commercial Operation of the GRE Project| RENO, Nev., Aug 25, 2010 /PRNewswire via COMTEX/ --Ormat Technologies, Inc. (NYSE: ORA), today announced that the GRE Recovered Energy Generation (REG) power plant is in commercial operation.
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The project is a 5.5 MW net power plant that converts the waste heat from the exhaust of a gas turbine in a compressor station along a natural gas pipeline in Martin County... |
| 04 August 2010
Ormat Technologies, Inc. Issues $142 Million Aggregate Principal Amount of Senior Unsecured Bonds in Regulation S Offering| RENO, Nev., Aug 04, 2010 /PRNewswire via COMTEX/ --Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that on August 3, 2010, it has entered into a trust instrument governing the issuance of, and accepted subscriptions for, approximately $142 million in aggregate principal amount, of senior unsecured bonds (the "Bonds"). The Company is issuing the Bonds outside the United States to investors who are not "U.S. persons" in an unregistered offering pursuant to, and subject to the requirem... |
| 04 August 2010
Ormat Technologies, Inc. Reports Second Quarter 2010 Results| RENO, Nev., Aug 04, 2010 /PRNewswire via COMTEX/ -- Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter 2010.
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Second Quarter Results
For the three-month period ended June 30, 2010, total revenues were $96.3 million, a $3.2 million decrease from the second quarter of 2009. The results include a 15% increase in revenues o... |
| 02 August 2010
Ormat Becomes Sole Owner of the Mammoth Complex in Mammoth Lakes, California| RENO, Nev., Aug 02, 2010 /PRNewswire via COMTEX/ -- Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its wholly owned subsidiary, Ormat Nevada Inc., signed today an agreement to acquire Constellation Energy's 50% stake in the partnership that owns the geothermal power plants at the Mammoth complex for a purchase price of $72.5 million. Following the acquisition, which also closed today, Ormat will become the sole owner of the land, power plants, and associated equipment comprisin... |
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