Ormat Technologies, Inc. today announced financial results for the first quarter of 2013.
Commenting on the results, Dita Bronicki, Chief Executive Officer of Ormat, stated: "Since the beginning of the year, we have achieved significant milestones that will further improve both segments performance. Our 2013 organic growth plan to reach 637 MWe is on schedule. The 36 MWe Plant 2 in the Olkaria III complex in Kenya reached commercial operation bringing the total capacity of our portfolio to 611 MWe, and we are progressing with the construction of Heber Solar and Wild Rose projects that we expect to complete by the end of 2013. In 2014, we plan to bring on line plant 3 at the Olkaria III complex increasing its capacity to approximately 100 MWe."
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