ORA News & Events

Ormat Technologies announced its intention to offer $600M aggregate principal amount of Series A convertible senior notes due 2031 and $150M aggregate principal amount of Series B convertible senior notes due 2031 in private offerings to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, subject to market conditions and other factors.

Ormat Technologies announced the signing and approval of an amendments to the existing power purchase agreements with Central Coast Community Energy and Silicon Valley Clean Energy for a portion of the output from the 35MW Casa Diablo-IV geothermal power plant, part of the Company's Mammoth geothermal complex in California. The amended agreements cover a total of 15MW of contracted capacity. The remaining output from the CD4 facility is sold to the Southern California Public Power Authority.