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Stock Market & Financial Investment News

News Breaks
January 28, 2013
09:53 EDTORAOrmat Technologies announce spartnership transaction of geothermal power plants
Ormat Technologies announced that Ormat Nevada Inc., a wholly-owned subsidiary, and JPM Capital Corporation entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada. Under the transaction, Ormat Nevada transferred the plants into a new subsidiary, ORTP, LLC, and sold an interest in the limited liability company to JPM. In connection with the closing, JPM paid approximately $35.7M to Ormat Nevada and will make additional payments estimated by Ormat at approximately 25% of the value of production tax credits generated by the portfolio over time. The additional payments are expected to be made until December 31, 2016 and total approximately $8.7M.
News For ORA From The Last 14 Days
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November 11, 2014
08:46 EDTORAOrmat Technologies to host conference call
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November 10, 2014
17:36 EDTORAOrmat Technologies to acquire parent through share exchange
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