Wednesday, March 28, 2018

USA, Nevada: Ormat Releases Annual Report for 2017

Ormat Technologies Reports Filing of Annual Report

During 2017, we continued to expand our existing portfolio. The new power plants include:

  • 35 MW from Platanare power plant in Honduras
  • 26 MW from Tungsten Mountain power plant, in Nevada
  • 28 MW our share (12.75%) of the 220 MW Sarulla power plants in Indonesia

The power generation in our power plants increased by 1.7% to 5.5 million MWh year-over-year. We remain on track with our nearterm growth objectives and our new projects under development and construction which are expected to add between 190 and 200 MW by the end of 2020.

Besides the in new projects, we are continuing our exploration and business development activities to support future growth. We have a substantial land position across 32 prospects in the US, Guatemala, New Zealand, Honduras, Indonesia, Guadeloupe and Ethiopia.

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