Wednesday, August 3, 2016

USA, Nevada: Ormat Reports Successful Quarter

Ormat Technologies Reports a Double-Digit Growth in Revenues, Net Income, and Adjusted EBITDA in the Second Quarter (News Release)

Ormat Technologies, Inc. today announced financial results for the second quarter ended June 30, 2016.

Second Quarter Highlights and Recent Developments:
  • Total revenues of $159.9 million, up 13.8% compared to the second quarter of 2015;
  • Electricity generation increased 10.8% to 1.3 million MWh;
  • Secured $36.0 million Supply & EPC Contracts for a geothermal power plant in New Zealand;
  • Completed construction of the Veyo Recovered Energy Generation Project in Southern Utah for UAMPS; and
  • Closed the acquisition of the Bouillante Geothermal Power Plant on the Island of Guadeloupe.
Ormat Technologies will be exhibiting at the 40th GRC Annual Meeting & GEA GEOEXPO+, October 23-26 in Sacramento, California, USA.

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