Marktführer ORMAT- Geothermie: Überall, ständig und unbegrenzt verfügbar - 500 Beiträge pro Seite

[Henne99]

Vielleicht gelingt es ja über das neueste Joint-Venture Ormats Fantasie in die Aktie zu bekommen:


Ormat (ORA) Begins Solar Joint Venture With Sunday Energy

11:45:32 am on October 20, 2009

Ormat just announced that its Israeli subsidiary has started a new joint venture with Israeli energy company Sunday Energy. Under the agreement, the two companies will work together to develop, construct and operate 36MW of Israeli solar PV systems.

The project is expected to cost $195 million in capital, financed by 80% Non-Recourse project finance debt. However, once the solar systems are completed,a long-term purchase agreement with Israel Electric Corporation Ltd is already lined up, and should bring in $30 million in revenues for the next 20 years.

The structure of the agreement is as follows: Ormat will own 70% of and control “special purpose entities,” to which Sunday will grant rights to all of its property and roofs needed to build solar energy systems with a capacity larger than 1 MW. Ormat and Sunday will work together as the EPC contractor and the operator for each project, based on their respective ownership of the special purpose entities.

In a press release, Lucien Y. Bronicki, Chairman of the Board and Chief Technology Officer of Ormat Technologies, commented on the joint venture:

“Ormat’s commercial activity in the solar energy market is part of a strategic plan to be a leading player in renewable energy. We have a long, rich history in renewable energy that includes activity in solar energy that we believe we can leverage to bring unique benefits to this project…We are pleased to finally add an Israeli solar installation, to the current 1,200 MW of Geothermal and Recovered Energy power plants that Ormat has installed throughout the years. We are looking at this joint venture as an attractive business opportunity derived by the reduction in solar PV modules prices and the increase in their supply on one hand and the expected Israeli feed-in tariff for large solar PV systems on the other hand.”

Gruß,

henne

[Henne99]

Hier die deutsche Version (Quelle: Solarserver):

Ormat und Sunday Energy gründen Gemeinschaftsunternehmen zum Bau von Photovoltaik-Kraftwerken in Israel

Ormat Technologies, Inc. (Reno, Nevada), berichtete am 19.10.2009, sein israelisches Tochterunternehmen Ormat Systems Ltd. werde mit dem israelischen Photovoltaik-Systemintegrator Sunday Energy Ltd. ein Joint Venture zur Installation von 36 Megawatt (MW) Photovoltaik-Leistung gründen. Laut Vereinbarung soll Sunday zu gründenden Objektgesellschaften (spezial purpose entities, SPE) die Rechte an all seinen Gebäuden und Dachflächen zum Bau von Solarstromanlagen mit einer Leistung von mehr als einem MW oder größer einbringen. Ormat will diese Objektgesellschaften führen und jeweils 70 % daran halten. Laut Vereinbarung werden Ormat und Sunday die Entwicklung, Beschaffung und den Bau der Solarstromanlagen anteilig zu ihrem Besitz übernehmen. Das notwendige Kapital für die Umsetzung der 36 MW Photovoltaik-Leistung wird auf 195 Millionen US-Dollar (130 Millionen Euro) geschätzt. Laut Pressemitteilung soll der Solarstrom im Rahmen von über 20 Jahre abzuschließenden Strombezugsvereinbarungen (power purchase agreement; PPA) an den Energieversorger Israel Electric Corporation Ltd. geliefert werden. Ormat rechnet mit einem jährlichen Ertrag von ungefähr 30 Millionen US-Dollar (20 Millionen Euro). Die SP sollen die Vorhaben zu 80 % mit Darlehen ohne Rückgriffmöglichkeit finanzieren.


Sinkende Modulpreise und erwartete Solarstrom-Einspeisetarife in Israel


Laut Pressemitteilung hat Ormat mehr als vierzig Jahre Erfahrung bei der Entwicklung, dem Bau, der Finanzierung und dem Betrieb von Projekten zur Nutzung der erneuerbaren Energien im Umfang von hunderten Megawatt. Sunday sei einer der führenden Entwickler im israelischen Photovoltaik-Markt und könne die erforderlichen Genehmigungen für deren Bau und den Anschluss der Solarstromanlagen an das regionale Stromnetz einholen. Vor der Gründung des Gemeinschaftsunternehmens habe Sunday auf den Dächern von Ormat-Fabriken in Israel eine Photovoltaik-Analge mit einer Nennleistung von 50 Kilowatt (kW) installiert. "Unsere Aktivität am Solarmarkt ist Teil einer Strategie, um eine führende Position bei erneuerbaren Energien einzunehmen", sagte Lucien Y. Bronicki, Vorstandsvorsitzender und Technikvorstand bei Ormat Technologies. "Wir haben in Sachen erneuerbarer Energie und Solarenergie über eine lange Zeit Erfahrungen gesammelt, die wir in Umsetzung dieses Projekts ausgezeichnet einbringen können. Wir sehen dieses Joint Venture als Chance, die auf den sinkenden Modulpreisen sowie dem wachsendem Angebot auf der einen Seite, und auf den in Israel zu erwarteten Einspeisetarifen für Strom aus Photovoltaikanlagen im Kraftwerksmaßstab andererseits basiert".

Gruß,

henne

Kurs in USA:
$40.73, Change (%) Stock is Up 0.42 (1.04%)

[Henne99]

02.01.2010

DER AKTIONÄR

Ormat Technologies: Tiefe Bohrung, hoher Kurs

Michael Rößler
Unabhängig von ihrem Ausgang hat die Weltklimakonferenz in Kopenhagen einmal mehr das Interesse auf Umwelt-Aktien gelenkt. Eine davon ist zweifelsohne Ormat Technologies. Der Konzern zählt im Bereich der Geothermie seit langem zu den Koryphäen - auch an der Börse.

Geht es um Klimaziele oder erneuerbare Energien, denken Anleger beinahe automatisch an Solar- und Windkraft. Dabei gibt es mit der Geothermie eine weit effizientere Form der Energiegewinnung. "Die Vorteile dieser Energiequelle liegen auf der Hand: Erdwärme ist kontinuierlich verfügbar, außerdem liegt ihr Kapazitätsfaktor bei nahezu 90 Prozent und ist damit weitaus höher als der von Wind- und Sonnenenergie", lautet ein Fazit einer Studie der Unternehmensberatung Frost & Sullivan.
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Welche Krise?

Und im Unterschied zu anderen regenerativen Energien blieb die Geothermie von der Finanz- und Wirtschaftskrise relativ unberührt. Das zeigen die Zahlen des US-Geothermie-Konzerns Ormat Technologie: Seit vier Quartalen kann das Unternehmen, das komplette Kraftwerke für Versorger plant und baut und teilweise auch selbst betreibt, sowohl seine Erlöse als auch seinen Gewinn kontinuierlich steigern. Im dritten Quartal lagen die Umsätze mit 120 Millionen Dollar mehr als 20 Prozent über dem Vergleichsquartal 2008, der Gewinn je Aktie legte mit 0,52 Dollar um 49 Prozent zu.

Basis für weiteres Wachstum

Und ständig flattern neue Aufträge ins Haus: Jüngst unterschrieb Ormat einen 20-Jahres-Stromverkaufsvertrag mit dem US-Versorger Nevada Power für ein noch im Bau befindliches Kraftwerk mit einer Leistung von 30 Megawatt. Zudem planen die Amerikaner den Einstieg in ein 36-Megawatt-Solarprojekt in Israel über ein Joint Venture mit dem Solarkonzern Sunday Energy. Der erzeugte Strom soll für 20 Jahre an den Versorger Israel Electric verkauft werden. Ormat rechnet hieraus mit jährlichen Erlösen in Höhe von rund 30 Millionen Dollar.

Qualität hat seinen Preis

Die Aktie von Ormat ist beim Kurs von 26,51 Euro mit einem 2010er-KGV von 25 sicher nicht günstig, das war sie allerdings nie. Die meisten Analysten sind daher evbenfalls positiv gestimmt - 18 von 19 empfehlen das Papier entweder zu kaufen, mindestens jedoch zu halten. Das mittelfristige Kurspotenzial liegt bei rund 30 Prozent.

[Friseuse]

http://www.ormat.com/



Über Jahre jedes Wachstum mit neuen Aktien verwässert, profitabel, hoch bewertet, ordentlich ohne Kick.

[Henne99]

Geothermie - ein Zukunftsmarkt?

Dienstag, 12. Januar 2010 12:02


Frankfurt (BoerseGo.de) - Im Bereich der erneuerbaren Energien wird der Wachstumsmarkt Geothermie nach Einschätzung der Fondsgesellschaft VCH Investments häufig noch unterschätzt. Dabei kann sich die Nutzung der Erdwärme beispielsweise im privaten Haushalt bereits heute lohnen. 2005 seien in Deutschland insgesamt etwa 13.000 neue Erdwärme-Anlagen errichtet worden, 2008 bereits über 34.000. Der Bestand übersteigt mittlerweile deutlich die Marke von 130.000 Einheiten. Bei der oberflächennahen Geothermie wird ein U-förmiges Rohr in den Boden eingebracht, in dem Wasser zirkuliert. Diesem wird dann die gespeicherte Wärmeenergie entzogen, um damit beispielsweise Privathaushalte zu heizen. Bei großen Geothermiekraftwerken wird hingegen meist die Tiefengeothermie genutzt, die durch entsprechend tiefe Bohrungen erheblich größere Herausforderungen an die Anbieter stellt.

Da der Geothermie-Markt in den nächsten Jahren noch deutlich an Größe gewinnen dürfte, stellen Aktien der börsennotierten Geothermie-Unternehmen nach Einschätzung von VCH Investments eine interessante Geldanlage dar. Risikofreudige Anleger, die in Einzeltitel investieren wollen, können sich beispielsweise das US-Unternehmen Ormat Technologies ansehen. Mit einer Marktkapitalisierung von ca. 2 Milliarden Dollar handele es sich um einen der wenigen wirklich großen Player auf diesem Gebiet, so VCH Investments. Allein in den USA plane Ormat in den nächsten Jahren jährlich ca. 100 Megawatt an Neukapazität. In den vergangenen fünf Jahren habe der Aktienkurs um mehr als 130 Prozent zugelegt.

Gruß,

henne

[R-BgO]

11. Februar 2010
Ormat Signs Purchase Agreement for Nevada Geothermal Resources
Reno, United States [RenewableEnergyWorld.com]

Ormat Technologies Inc. said that its wholly owned subsidiary, Ormat Nevada Inc. has signed an agreement to acquire 100% of the membership interests in HSS II LLC, which includes the Hot Sulphur Springs Geothermal Project in the northern Independence Valley of northeast Nevada.

The Hot Sulphur Springs Geothermal Project is located on and has access to approximately 9,800 acres at the Hot Sulfur Springs site in Elko County, Nevada.

The Project is in an advanced stage of development and has one successful well. The company plans to construct and operate a geothermal plant on the site which is expected to become operational in 2012.

The project will sell its output pursuant to a new 20-year power purchase agreement (PPA), signed earlier this month with Nevada Power Company. Under the PPA, Nevada Power will purchase up to approximately 40 megawatts (MW) of electricity from the Project, which will be developed in stages with the first stage of approximately 16 MW. The PPA allows for adjustment of the supply amount at the fist year after the commercial operation. The PPA is subject to approval by the Public Utilities Commission of Nevada.

"Upon closing, this acquisition will increase the number of projects that we expect will commence construction by 2010 and will therefore be eligible to benefit from the stimulus provisions targeted for renewable energy projects under the American Recovery and Reinvestment Act (ARRA)," said Dita Bronicki, CEO of Ormat Technologies.

The Hot Sulphur Springs Geothermal Project is located on and has access to approximately 9,800 acres at the Hot Sulfur Springs site in Elko County, Nevada. Ormat Nevada Inc. is purchasing the interest from its current owners, private equity funds managed by Energy Investors Funds. HSS II owns the Hot Sulfur Springs Geothermal Project. The company expects that closing of the acquisition, which is subject to customary conditions precedent under the purchase agreement, will take place in the first quarter of 2010.

[R-BgO]

Medco-Ormat-Itochu-Kyushu Consortium Executed an Agreement re Amendments to the Energy Sales Contract for the Sarulla Geothermal Project

RENO, Nev., April 26, 2010 /PRNewswire via COMTEX/ --Ormat Technologies, Inc. (NYSE: ORA) announced today that the Medco-Ormat-Itochu-Kyushu Consortium (the "Consortium"), which consists of Medco Energi Internasional Tbk, Ormat International Inc., a subsidiary of Ormat Technologies, Inc., ("Ormat"); Itochu Corporation and Kyushu Electric Power Co. Inc., have signed the "Sarulla Project Joint Confirmation" with the state-owned Indonesian power company PT Perusahaan Listrik Negara ("PLN") confirming agreement on terms for amendments to the Energy Sales Contract ("ESC"), with the concession holder PT Pertamina Geothermal Energy ("PGE"), a wholly owned subsidiary of the Indonesian state-owned oil and gas company PT Pertamina (Persero), signing as witness. The ESC was executed in December 2007 for the 330 MW net power Sarulla Geothermal Project (the "Project"). The Sarulla Project Joint Confirmation was signed during the opening ceremony of the World Geothermal Congress in Bali.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)

The parties have agreed to change the price of the power sold under the ESC to a levelized payment of US 6.79 cents / kWh, whereby the tariff payable in the early years after commercial operation date shall be higher and shall be reduced in the later years. The parties have as well agreed on a 90 days schedule for resolving certain other contractual amendments for facilitation of project financing and for signing the resulting amended ESC. The modified tariff itself is subject to verification by the State Audit Agency for Development and approval from the Minister of Energy and Mineral Resources.

The Project, located in Tapanuli Utara District, North Sumatra Province in Indonesia, represents the largest single-contract geothermal power project to date, and is a reflection of the large scale, high productivity and potential of Indonesian geothermal resources. The Project will be owned and operated by the Consortium members under the framework of a Joint Operating Contract ("JOC") with the concession holder PGE, and is to be constructed in three phases, with each phase utilizing Ormat's 110 to 120 MW -Combined Cycle geothermal plants in which the steam first produces power in a backpressure steam turbine and is subsequently condensed in vaporizers of ORMAT(R) Energy Converters. The separated brine from the wells will not be wasted, but will produce additional power by means of supplemental OECs. Construction is expected to be completed within the next five years.

The first phase is scheduled to commence operation within 30 months of financial close, which is expected one year after signature of the ESC, although the Consortium shall endeavor to accelerate the commissioning of part of the first phase. The remaining two phases are scheduled to commence operation in stages within 18 months after the first phase's scheduled commissioning.

The total project cost is expected to be approximately $1.0 billion, including drilling of wells, power plants, surface facilities for collecting and disposing of the steam and hot water and infrastructure. It is expected that the Japan Bank for International Corporation ("JBIC") will provide the majority of the project financing based on the Umbrella Note of Mutual Understanding signed between the Ministry of Finance of Indonesia and JBIC, with additional financing from the Asian Development Bank ("ADB").

Ormat's equity participation shall be 12.75%. In addition, under Ormat's role as the power plant equipment supplier for the project, the value of Ormat's scope of supply is expected to be over $300 million. Negotiations with the Consortium are on-going for additional construction activities and balance of plant supply which may be undertaken by Ormat in addition to the supply portion of the scope.

Lucien Bronicki, Chairman and Chief Technology Officer of Ormat Technologies, stated, "The Sarulla Project is an important landmark for Ormat as it will use Ormat's Geothermal Combined Cycle technology, which is especially valuable for optimizing Indonesia's very large but varied geothermal resources. We congratulate the teams of PLN and Pertamina, as well as our Consortium partners. Our commitment to the development of geothermal resources in Indonesia is strong and we are impressed by the commitment of the Government of Indonesia to the development of its significant geothermal resources. We are pleased to be sharing our long experience in developing, constructing and operating geothermal plants. Ormat's air-cooled geothermal Combined Cycle technology, well proven over the last 18 years in the US and New Zealand, is particularly suited to assure maximum utilization of the Sarulla resource in a sustainable manner."

[R-BgO]

Geothermal Companies Vie for African Development Contracts
by Lauren Poole, Correspondent
Published: 27. Mai 2010

East Africa -- East Africa is famous for its national parks like the Serengeti, the continent's highest mountain Kilimanjaro, and its exceptional safaris, but now it's being celebrated by energy companies for its geothermal resources.

Most of Africa’s geothermal resources are located in its Rift Valley, one of the geologic wonders of the world. The Rift Valley spans roughly 3,700 miles (6,000 kilometers) across East Africa and runs through Kenya, Ethiopia, Djibouti, Eritrea, Tanzania, Uganda, and Zambia. It’s here that geologists observe firsthand how continents break apart and draw hot magma toward the surface. Scientists are studying the volcanic activity in the area for human hazard potential while power companies compete for the enormous geothermal resources created by the magma reservoirs.

Kenya has one the highest potentials for geothermal resources in East Africa. Current resource estimates by various companies and organizations range from 2,000 MWe (megawatts electric) to 7,000 MWe.

“For a long time, Kenya was dependent on hydro energy,” said James Kiiru, Commercial Attaché, Embassy of the Republic of Kenya. “The challenge is if there is no rain, the supply can’t be guaranteed, so the government is looking into alternatives sources of power.”

In the last few months, there has been keen interest by many American investors, especially in infrastructure projects, Kiiru said. Many of those investors are energy companies, including one of the largest energy companies in the United States, which he declined to name because negotiations are still underway.

“The government raised a substantial amount of money in the last few years to improve generating capacity to provide energy to rural areas,” Kiiru said. “Current projections are 120,000 new customers per year potential.”

The cost of electricity is high in Kenya. The average annual growth in electricity demand in Kenya is 6% and demand is expected to reach 15,332 GWh in 2025 according to the Kenya Investment Authority (KenInvest). Future transmission projects being planned or implemented include:

* 450-km Nairobi – Mombasa double 400-kV line to facilitate 600 MW of transmission at an estimated cost US $200 million,
* 212-km Rabai-Malindi – Garsen 220-kV line with a 108-km 132-kV extension from Garsen to Lamu at a cost of US $91 million,
* Phase II of above, 230-km 132-kV line proposed between Garsen and Garissa with 132 kV substations at Bura, Hola and Garissa and
* 200-km Lessos double circuit – Olkaria 220-kV line at an estimated cost US $46 million.

Kenya suffered an economic setback caused by the political unrest during the 2007 presidential elections, Kiiru said, which stalled some projects.

“We got out of that because Kenya is projected to have one of the highest growth rates for the country next year,” he said. “We are now ready to move forward with investment. There is a huge interest in Kenya by American companies, but they need to know where the opportunities are and about incentives. They need insurance that it is safe to invest here. Kenya is as good as any part of the world.”

Kenya was the first country to develop its geothermal resources. The Kenya Electricity Generating Company (KenGen) has built three plants -- Olkaria I (45 MW), Olkaria II (65 MW), and Olkaria III (48 MW) -- with its partner Ormat Technologies, an American company located in Nevada.

In February 2010, Ormat announced plans to further expand its Olkaria III power plant by up to 52 MW (from 48 MW to up to 100 MW). In March 2010, Kenya received a 23.4 billion shilling [about US $293 million] loan from Japan for another 140 MW at its Olkaria I plant. In April 2010, Kenya received a 7.5 billion shilling [about US $94 million] loan from the Export-Import Bank of China to drill geothermal wells for production of 140 MW of energy.

James Kiiru presented geothermal investment opportunities for Kenya at the Geothermal Energy Association’s Global Geothermal Showcase and Forum in Washington, DC last week.

Among the companies competing for geothermal resources in other areas of the Rift Valley are Mitsubishi Heavy Industries, a global manufacturer of geothermal power equipment, and Reykjavik Energy, which has developed geothermal energy projects in Iceland for decades. The two companies recently formed an alliance to jointly develop geothermal energy projects in Africa and other developing nations with an aim of capturing 50% global market share by 2014.

“The rough estimate of geothermal generation capabilities in Africa is several thousand megawatts,” said Eiríkur Hjálmarsson, Chief Press Officer for Reykjavik. “Those prospects are all located in the African Rift Valley.”

So far, only about 200 MW of geothermal power have been installed in Kenya and 4 MW in Ethiopia, said Hjálmarsson. The alliance with Mitsubishi is not linked to any specific projects, he said, but the company hopes further negotiations will accomplish that goal.

“In Djibouti, research had been going on for the last 30 years. Exploratory wells have been drilled that strongly imply the presence of an exploitable geothermal resource. However, no utilization has been commissioned as of yet. In Ethiopia, the history is similar, but 4 MW are already installed.”

Reykjavik Energy is currently implementing a contract with the government of Djibouti for a 50-MW geothermal power plant in the Assal Area, about 100 km from Djibouti City. In 2007, Reykjavik Energy entered into a Memorandum of Understanding with Ethiopia. That has expired, but there are still contacts between the parties.

“The total power requirement of the Djibouti market is about 50–70 MW with demand rapidly increasing,” he said. “Djibouti currently derives all its electricity from diesel generators, so power from geothermal plants in this country is intended for the general market. There are also large naval bases in Djibouti that generate their own electricity that are potential customers.”

One of the unique challenges to working in Africa is the lack of infrastructure, physical and social. In some places the absence of an electric grid is an issue, communication channels can be unclear and education and training is required for managing and operating prospective plants, he said.

About 100 students from Africa have completed the United Nation’s University Geothermal Training Program that has been operated in Iceland for three decades, he said. Recently, students from there have also attended a masters program at the Reykjavik Graduate School of Sustainable Systems.

Lauren Poole is a journalist and science writer based in Colorado. She worked for the National Renewable Energy Laboratory for more than a decade where she wrote extensively about solar and wind energy technologies and policy issues. She is co-founder of Flashy Green Communications <www.flashygreen.com>, a green communications company based in Denver.

[R-BgO]

Ormat's Alaska Geothermal Program To Move Ahead
Published: 3. Juni 2010

Alaska, United States -- Ormat Technologies this week said that it will accelerate geothermal exploration work this summer on Mount Spurr following Alaska Governor Sean Parnell's signing of Senate Bill 243. Originally, the annual royalty rate paid from geothermal production on state lands was a minimum of 10 percent of gross revenues.
In October 2008, Ormat leased approximately 36,000 acres of state land through a competitive bid process, and has since conducted early exploration work at the site.

This bill significantly reduces that rate to the same level paid on Federal land. While it is believed that Alaska has substantial geothermal potential, it has yet to develop a commercial geothermal power plant.

"Alaskans want to live and work where they have access to reliable and affordable energy," said the bill's sponsor Senator Lesil McGuire. "By reducing the royalty rate on geothermal power, we acknowledge the unusually high costs of geothermal development in Alaska but still protect the State's interests. This bill will ultimately lower the cost of clean, reliable power to the ratepayers."

In October 2008, Ormat leased approximately 36,000 acres of state land through a competitive bid process, and has since conducted early exploration work at the site. Ormat plans to begin drilling core holes this year as part of exploration and early field development, which is expected to take three years. Construction is expected to last another three years. Ormat hopes to be the first Independent Power Provider selling geothermal power to utilities in Alaska.

"Reducing this rate is an important first step towards developing the state's renewable geothermal resources into utility scale power plants," said Yoram Bronicki, president and COO of Ormat. "At the end of the day, SB 243 provides Ormat with the confidence that the state supports the development of the geothermal industry in a manner that is financially viable."

[Henne99]

Sehr interessant. Die Reaktion gab es gestern an der Wall-Street:

Zur Realisierung eines solarthermischen Kraftwerks in Israel mit 120 Megawatt Leistung haben die israelische Ormat Systems Limited (bisher vor allem in der Geothermie tätig) und Solar Millennium AG einen Rahmenvertrag unterzeichnet. Vereinbart ist demnach, dass die Erlanger Spezialistin für solarthermische Kraftwerke Solar Millennium die Technologie für das Solarfeld in „Ashalim“ liefert. Die israelische Tochtergesellschaft der US-Spezialistin für geothermische Kraftwerke Ormat Technologies soll unter anderem den Kraftwerksblock, die Installationsarbeiten und technische Serviceleistungen beisteuern, hieß es. 68 Prozent des Joint-Ventures entfallen laut Vertrag auf Ormat, 32 Prozent liegen bei Solar Millennium. Quelle: Ecoreporter

Sonnige Grüße!

[Henne99]

Antwort auf Beitrag Nr.: 40.173.629 von Henne99 am 18.09.10 18:33:29

ORMAT goes Solar. Auch wenn man auf die langjährige Erfahrung auf diesem Gebiet verweist, doch mehr als beachtenswert

Hier die offizielle Pressemitteilung:

Press Release

Ormat and Solar Millennium to Participate in the Ashalim Solar Thermal Power Plant Tender

RENO, Nev., Sept 13, 2010 /PRNewswire via COMTEX/ -- Ormat Technologies, Inc. (NYSE: ORA), announced today that its Israeli subsidiary, Ormat Systems Ltd. ("Ormat"), has signed a Memorandum of Understanding ("MOU") with Solar Millennium AG to form a consortium to participate in the tender to develop, construct and operate a solar thermal power plant at "Ashalim" in Israel with a total capacity of approximately 120 megawatts (MW). Solar Millennium is a German stock corporation, specialized in the worldwide development and realization of solar thermal power plants.




Under the MOU, Solar Millennium will provide the technology for the solar field, while Ormat will supply the power block, balance of plant and construction services. Ormat will own approximately 68 percent of the consortium and Solar Millennium will own approximately 32 percent. Both parties have successfully passed the pre-qualification stage and were invited to submit the bid within the tender for plot A.

The tender is a BOT (build, operate and transfer) solar thermal power plant, on land owned and provided by the Israeli government. The produced electricity is fed into the grid of Israel Electric Corporation (IEC). The term of BOT will be approximately 25 years.

The Ashalim project will mark a further expansion into the solar energy market by renewable energy leader, Ormat Technologies. Ormat has more than four decades of experience in the development, construction, financing and operation of some 1300 megawatts of renewable energy projects world-wide. Solar Millennium is one of the leading companies in the solar thermal power plant market and has developed the first European parabolic trough power plants. These 50 MW each solar power plants in the South of Spain have been realized together with partners. Solar Millennium is also developing or realizing further plants in Egypt, the U.S. and other countries.

Lucien Y. Bronicki, Chairman of the Board and Chief Technology Officer of Ormat Technologies, said: "The collaboration with Solar Millennium brings together two industry leaders in renewable energy. Ormat roots in solar energy go back four decades with the development of its first solar pumping unit in Africa, through the solar pond development in El-Paso Texas in the 80's, which was the predecessor of our geothermal power plant. Recently we entered the solar PV market through a joint venture that develops medium size solar PV power plants. The Ashalim opportunity, if successful, will expand our solar activities to solar thermal, where we have technological expertise."

[Henne99]

Ormat Technologies Secures US Funds For Geothermal Plants
Matt Khoury | September 26th, 2010

Ormat plans to harvest more power from the depths of the earth with additional funding from the US Dept. of Treasury.

Despite failing to meet market expectations when its Q2 results were presented in August, the geothermal power company Ormat Technologies managed to secure an additional $108 million funding, according to the Israeli business daily Globes.

The new funding, provided by the US Department of the Treasury, will be invested in a new proposed geothermal power plant located in North Brawley, California. The capital is part of the American Recovery and Reinvestment Act (ARRA) passed last year and allows for either a 30% cash grant or a federal production tax credit for renewable energy projects.

More US funding

Globes quoted Ormat CEO Dita Bronick:

“We also continuously seek out funding from programs like the ARRA that help support development of geothermal projects in the US. We expect that by the end of the year we will start construction of more than 100 MW of new projects in the US, which will make them eligible to receive ITC (in lieu of) cash grants.”

At the beginning of August, Ormat secured $350 million in loan guaranties for three new geothermal power plants in Nevada but this funding was part of a new strategy by the US Department of Energy (DOE) to provide up to 80% of loans for qualified renewable technology projects.

A long way from Yavne

Ormat Technologies was founded in the sleepy Israeli city of Yavne, located south of Tel Aviv, in 1972. They have since relocated to Reno, Nevada.

Today Ormat has operations in 71 counties ranging from Japan and Russia to Alaska in the US. Its principal area of operations are geothermal power plants. To date, Ormat has installed 1,300 MW of geothermal power across the globe.

By their nature, the plants tend to be located in geyser and volcano-rich areas as they utilize the heat produced deep underground to generate electricity.

Not Just Power from the Earth

While geothermal power production is Ormat’s main area of operation it is also active in solar power. In June Ormat, together with Israeli solar energy service provider Sunday Energy announced they will build a 1MW photovoltaic solar installation on the roof of Ormat’s factory in Yavne.

[Henne99]

13.05.2011

Ormat: 20 Mio. Dollar Auftrag für Geothermie-Kraftwerk in Neuseeland

Reno, USA – Eine Tochtergesellschaft von Ormat Technologies hat einen 20 Mio. Dollar Liefervertrag mit der Norske Skog Tasman Limited of New Zealand abgeschlossen. Vertragsgemäß soll Ormat ein geothermisches Kraftwerk im neuseeländischen Kawerau Geothermal Field liefern. Nach Angaben des Geothermiespezialisten soll die Auslieferung innerhalb von 13 Monaten nach Vertragsabschluss erfolgen. Das Kraftwerk verfügt über eine Leistung von 250 MW. Dita Bronicki, CEO von Ormat, begrüßte es, mit dem Projekt die Ziele der neuseeländischen Regierung von 10 bis 20 Prozent weniger Treibhausgasen im Vergleich zu 1990 bis zum Jahr 2020 und von einem 90prozentigen Anteil von erneuerbarem Strom bis zum Jahr 2025 zu unterstützen. Das Norske Skog Kraftwerk sei das dreizehnte Geothermie-Kraftwerk von Ormat in Neuseeland.

[Henne99]

http://www.iwr.de/re/iwr/11/06/0910.html

09.06.2011, 15:08 Uhr

Ormat: 130 Mio. Auftrag für Geothermie-Kraftwerk in Neuseeland
Reno, USA – Ormat Technologies, Inc. meldet den größten Lieferauftrag seiner Firmengeschichte.

Laut Ormat unterzeichnete das Unternehmen einen Vertrag mit der Mighty River Power Limited of New Zealand. Der Auftrag sei Teil des Geothermieprojekts in Ngatamariki in Neuseeland und umfasse die Lieferung, sowie technische Planung, Beschaffung und Errichtung der Anlage. Das gesamte Vertragsvolumen belaufe sich auf 130 Mio. Dollar. Nach Angaben von Ormat soll die Errichtung des Geothermiekraftwerks innerhalb von 24 Monaten nach Vertragsabschluss erfolgen.

Dita Bronicki, Geschäftsführerin von Ormat, sagte, das Unternehmen werde dank des Projekts seine Leitlinie für das Produktsegment in 2011 um rund 15 Prozent auf zwischen 90 Mio. und 100 Mio. Dollar erhöhen. Mit Fertigstellung des Projektes werde Ormat in Neuseeland rund 350 MW an installierter Kapazität in 14 Kraftwerken haben. Lucien Bronicki, Vorstandsvorsitzender und technischer Direktor von Ormat, lobte die konsistente Förderpolitik für Geothermie in Neuseeland und die Entwicklung von hoher geothermischer Expertise im Land.

[CowNChicken]

Sagt mal wie kommen im aktuellen Geschäftsbericht von Ormat die hohen Beträge unter "property and equipment, net" bei den langfristigen Assets zustande?
Behält die Firma immer Anteile an den ausgelieferten Kraftwerken und partizipiert dadurch direkt am Erfolg der Kraftwerke?
Es ist recht schwer, den inneren Wert der Firma zu bestimmen.

Danke für eure Hilfe!

LG,
Cow

[Iceman2163]

Antwort auf Beitrag Nr.: 41.994.812 von CowNChicken am 24.08.11 11:22:00

ist hier noch jemand aktiv beteiligt und hat evetuell ein paar relevante zahlen am start und ob es sich lohnt einzusteigen? der kursverlauf jedenfalls sieht ja nicht einladend aus.

mfg iceman

[Henne99]

Schwierige Zeiten bei langfristig sicherlich intressanter Perspektive:

Ormat Shares Drop as Sales to Fall $25 Million in 2012, 2013
By Justin Doom - Jan 31, 2012

Ormat Technologies Inc. (ORA), a U.S. developer of geothermal energy, dropped the most in more than five months after saying that revenue will decline by almost $25 million in 2012 and 2013.

Ormat slumped 7.3 percent to $16.25 at the close in New York, the most since Aug. 8. Revenue for this year will decline by an estimated $24.8 million after forecasted natural-gas prices used in several power-purchase agreements were cut, the Reno, Nevada-based company said in a statement yesterday. Revenue next year is estimated to fall by $24.9 million.

The 2012 cut “represents approximately 5.9 percent of the company’s forecasted 2011 total revenues,” the company said in the statement. Ormat expected sales of $415 million to $425 million for the year, according to a statement in November.

The company will provide guidance for 2012 when it issues its 2011 fourth-quarter earnings report, scheduled for Feb. 22.

Ormat’s contracts for its Heber 1 and 2, Ormesa and Mammoth power plants in California were affected by a decrease in gas- price forecasts and the delay of the state’s greenhouse-gas cap- and-trade program, which is now expected to begin in 2013, according to the statement.

Ormat is a unit of Yavne, Israel-based Ormat Industries (ORMT) Ltd., which fell 4 percent to close at 17.25 shekels in Tel Aviv today, its lowest price since October 2004.

To contact the reporter on this story: Justin Doom in New York at [e-mail]

To contact the editor responsible for this story: Reed Landberg at [e-mail]
®2012 BLOOMBERG L.P. ALL RIGHTS RESERVED.

[Henne99]

Tolle Performance in den letzten Tagen. Wohl auch dank des Zuschlags für das 6-MW-Projekt in Kenia.

Gruß!

[R-BgO]

Ormat Technologies Signs EPC Contract with Enel Green Power North America for Cove Fort Geothermal Power Plant Project

RENO, Nev., July 16, 2012 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly owned subsidiary, Ormat Nevada Inc., concluded and signed a $61.4 million engineering, procurement and construction (EPC) contract with Enel Green Power North America. Under the EPC contract, Ormat will provide two air-cooled Ormat Energy Converters at Enel's Cove Fort geothermal power plant project in southern Utah.

As previously announced on April 25, 2012, the parties have entered into an interim agreement in the amount of approximately $9 million to ensure timely completion of the project. Now that the full EPC contract has been executed, Ormat's product backlog announced May 8, 2012 increased by an additional $52 million to a total of approximately $260 million, most of which is expected to be recognized as revenues through 2013.

"This development will incorporate Ormat's low-operating-cost design and our consistent project completion standards," said Yoram Bronicki, president and COO of Ormat. "We've had great success in deploying similar equipment to a myriad of projects worldwide and we intend to continue reinforcing this track record in established and new markets."

[rechnerhand]

Sarulla Consortium Signs $1.17 Billion Financing Agreements for 330 MW Sarulla Geothermal Project in Indonesia

" ... Ormat is the Supplier of $254 Million Equipment Under the Supply Contract and Holds an Equity Stake of 12.75% ....
.... Upon closing, the consortium is expected to begin construction with the first phase to commence operation in 2016. ..."


http://online.wsj.com/article/PR-CO-20140328-911620.html#



Medco Power upbeat about nine big projects

" ... Medco Power will partner with Itochu Corp., Kyushu Electric Power Co. and American company Ormat International Inc. in the Sarulla Operations Ltd. consortium for the Sarulla project, which has an estimated $1.5 billion price tag. ....
.... Around 40 percent of global geothermal potential capacity lies in Indonesia but development remains low."

http://www.thejakartapost.com/news/2014/04/02/medco-power-up…

[rechnerhand]

Ormat Technologies Posts Q1 Profit - Quick Facts

5/8/2014 5:01 PM ET

Ormat Technologies Inc. (ORA: Quote) Thursday reported first-quarter profit of $21.6 million or $0.47 per share, compared to a loss of $5.0 million or $0.11 per share in the same period last year.

On average, three analysts polled by Thomson Reuters expected the company to earn $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 19.8 percent to $142.4 million from $118.9 million last year. Analysts expected revenues of $133.68 million.

Looking ahead to the fiscal 2014, the company has forecast revenues in the range of $540.0 million to $560.0 million. Analysts currently expect full-year revenues of $560.51 million.

http://www.rttnews.com/2318460/ormat-technologies-posts-q1-p…

[rechnerhand]

ORA Crosses Critical Technical Indicator

http://www.forbes.com/sites/energystockchannel/2014/07/24/or…

[R-BgO]

bin jetzt 5 Jahre daiei und saldiert bei -10%;

halten oder schmeissen?

[rechnerhand]

Antwort auf Beitrag Nr.: 48.113.603 von R-BgO am 23.10.14 13:56:41

... läßt sich nicht in 3 Worten erläutern ...

Es gibt sicherlich bessere Momente einen Marktführer der Stromerzeugung aus Geothermie abzustoßen. Ein Motorrad kaufe ich ja auch nicht im Frühling/Sommer!

[R-BgO]

Antwort auf Beitrag Nr.: 48.113.711 von rechnerhand am 23.10.14 14:09:11

was denkst Du, welche Kapitalrentabilität die auf Dauer/bestenfalls schaffen können?

[rechnerhand]

Antwort auf Beitrag Nr.: 48.113.735 von R-BgO am 23.10.14 14:10:55

"Du" ist lustig ... im www braucht es keine Distanz mehr, was?!

Kapitalrentabilität? Wow ... -10% ist auf jeden Fall auf Dauer kein gutes Ziel und ich kann Ihnen auch nicht sagen, was bei ORA eine angemessene Zahl wäre - aber nochmal - Weihnachten brennen die Lichter am Tannenbaum und nicht im September/Oktober. Es macht keinen Sinn hier im Q3 übers Aufhören nachzudenken.

Noch eine Metapher?!
Ab Mitte Dezember werden die Tage wieder länger!

Das is nicht nur meine Meinung!

[R-BgO]

Antwort auf Beitrag Nr.: 48.114.059 von rechnerhand am 23.10.14 14:43:05

Zuerst einmal:

Bitte um Entschuldigung fürs Duzen; ist bei w:o weitgehend üblich, war keine böse Absicht.



Zum Inhaltlichen nehme ich nur mit, dass Sie da offenbar (auch) keine klaren Vorstellungen haben.

Ich bin meine Posi damals im Zuge einer breiten Beobachtung erneuerbarer Stromerzeugung eingegangen und habe sie nun einmal jetzt überprüft und nicht zu einem meteorologisch geeigneteren Zeitpunkt.

Und die Fragen, die ich mir zu einem Investment üblicherweise stelle, gehen in die Richtung

-wie wird sich das Unternehmen entwickeln?
-(wie) wird es wachsen?
-und wie viel bleibt dabei hängen?
-und in welchem Verhältnis dazu steht die Bewertung?


Meine immer noch gültige Ursprungsthese ist, dass Ormat wohl gute Chance auf Wachstum haben dürfte, aber ich sehe derzeit nicht, dass sie es mit nennenswerter Eigenkapitalrendite schaffen. Für dieses Szenario ist die Aktie dann hoch bewertet.

[rechnerhand]

Antwort auf Beitrag Nr.: 48.119.819 von R-BgO am 24.10.14 00:28:29

Ormat Signs 25-Year PPA and Steam Supply Agreement for the 35 MW Menengai Geothermal Project in Kenya

https://globenewswire.com/news-release/2014/11/03/679137/101…

[R-BgO]

Ormat Technologies will Acquire its Parent Through a Share Exchange

Ormat Industries' Shareholders to Exchange Shares for Stake in Ormat Technologies. Deal Eliminates Majority Ownership and Control Structure

(RENO, Nev.) November 10, 2014, Ormat Technologies, Inc. (NYSE: ORA) announced today that it is entering into a definitive share exchange and plan of merger agreement (the "Exchange Agreement") with its parent entity, Ormat Industries Ltd. ("OIL"). Under this agreement, Ormat Technologies will acquire Ormat Industries through a share exchange that will eliminate OIL’s majority ownership interest in, and control of, Ormat Technologies. OIL currently holds approximately 60% of Ormat Technologies’ outstanding common stock.

Mr. Isaac Angel, Ormat Chief Executive Officer, stated: “Streamlining our corporate structure is a crucial step to unlocking the value inherent in our business. Ormat transitioning to a non-controlled single public listing will significantly increase the number of shares available to be publicly traded. We believe that enhancing liquidity and increasing shareholder base will translate to increasing shareholders value.”

Mr. Doron Blachar, Ormat Chief Financial Officer, added: “Transitioning to a single public listing will eliminate duplicate costs, dual accounting reporting standards and increase efficiencies. Streamlining the corporate structure will allow the company to focus on growing the business.”

Ormat Technologies anticipates that the transaction will benefit Ormat Technologies and its stockholders in several ways, including:

Enhance Liquidity: Ormat Technologies’ float will increase from approximately 40% to approximately 76% of total shares outstanding once the transaction is complete, which should help elevate trading volume and may increase equity coverage.

Create Synergies: The acquisition will eliminate certain costs and inefficiencies resulting from maintaining two public entities.
Become a non controlled public company

[R-BgO]

Antwort auf Beitrag Nr.: 48.297.370 von R-BgO am 12.11.14 13:47:54

Präsentation dazu:

http://investor.ormat.com/interactive/lookandfeel/4087066/Fl…

[R-BgO]

wüßte zu gerne, was wir da kaufen (sollen);

aber im Netz finde ich keine eigene Webseite für OIL, sondern nur Verweise auf www.ormat.com wo die Mutter VOR dem aktuellen Anlaß mit keinem Wort erwähnt wird

=> also keine Financials zu finden

über die TASE finde ich einen Link zu company documents, aber leider alles in Hebrew

wenig vertrauenserweckend insgesamt.

Dazu passt, dass die Bronickis wohl so ihre Vorgeschichte haben: http://www.haaretz.com/business/after-47-years-bronicki-fami…

[R-BgO]

Antwort auf Beitrag Nr.: 48.297.616 von R-BgO am 12.11.14 14:08:47

lt. der jüngsten Präsentation hat die Transaktion am 12.2. geclosed;

scheint aber zumindest nicht geschadet zu haben:

Jahresergebnisse waren die besten seit langem und der Kurs ist auch ein bisschen ins Laufen gekommen

[rechnerhand]

Antwort auf Beitrag Nr.: 48.113.603 von R-BgO am 23.10.14 13:56:41

.... immernoch -10%?

[R-BgO]

verkauft bis auf ein Erinnerungsstück

[R-BgO]

Ormat Eyeing Storage M&A for Geothermal Projects

November 4, 2015
By Jennifer Delony
Associate Editor


Reno, Nev.-based Ormat Technologies is seeking mergers and acquisitions that will help the company enhance its geothermal projects with energy storage technologies, Ormat CEO Isaac Angel said on Nov. 4.

“On the storage solutions side, we are progressing well,” Angle said during a 3Q15 earnings webcast. “I’m very optimistic that we will be able to add a lot of MW … and profitability to our existing power plants.”

Angle said that he also is optimistic that the company will secure a deal soon that will initiate Ormat’s energy storage strategy.

“We’re almost there,” he said.

According to Angel, Ormat also plans to expand its strategy to include project opportunities that have solar energy as part of a “blended solution.”

“This is a long process,” he said. “And it will take at least another year to come up with more and more enhanced power plants.”

Addressing ongoing project construction during the webcast, Angel said that Ormat expects an earlier completion of its 24 MW project in Olkaria, Kenya, as a result of improvements in construction lead time.

The company originally expected to complete the project in the second half of 2016, but now expects the completion date to fall in 1Q16.

In addition, Angel said that infrastructure work on Ormat’s 14 MW portion of the 330 MW geothermal project under construction in Sarulla, Indonesia, has been “substantially completed.”

“The drilling of production and injection wells are also in progress for the project, however, the project company is experiencing delays in drilling,” he said, adding that Ormat expects the first phase of operation to begin by the end of next year. The remaining phases of operation are scheduled to begin in 2018.

Angel said during the webcast that, despite strong competition from low solar power prices in the U.S., some utilities still are seeking geothermal solutions at “reasonable prices.”

“It would be naïve to say that solar prices are not having an impact on geothermal prices, but on the other hand, the new [renewable portfolio standard in California] is giving us some back wind,” Angel said. “We are negotiating more than several [power purchase agreements], and I am happy with their prices as they stand today.”

On Nov. 3, Ormat reported total revenues for 3Q15 of $162.9 million, compared to $140.2 million for 3Q14. The company reported electricity revenues for 3Q15 of $97.2 million, compared to $102.5 million in 3Q14. In addition, Ormat increased and narrowed its revenue guidance range for the year to between $570 million and $585 million.

[R-BgO]

https://www.greentechmedia.com/articles/read/what-does-geoth…

[R-BgO]

http://www.renewableenergyworld.com/articles/2016/04/ormat-s…


"... Sovereign fund China Investment Corp., Malakoff Corp. and Ormat Technologies Inc. are among companies weighing bids for Chevron Corp.’s Asian geothermal assets, which could fetch as much as $3 billion, people with knowledge of the matter said.

Philippine geothermal energy producers Energy Development Corp. and Aboitiz Power Corp. and Japanese trading house Marubeni Corp. are also weighing offers for the assets, the people said, asking not to be identified as the information is private. Mitsubishi Corp. and Jakarta-based PT Medco Power Indonesia are separately studying potential bids, according to company officials.

Chevron, the largest U.S. oil producer after Exxon Mobil Corp., has slashed headcount and canceled drilling projects to slow the exodus of cash as prices in the world energy markets spiral downward. The company is also seeking buyers for its stake in an Indonesian oil and natural gas field and for a 75 percent stake in its South African unit, people with knowledge of the matter have said.

The San Ramon, California-based company joins ConocoPhillips and Apache Corp. in selling assets as oil prices hover near the lowest level in more than a decade. Brent, the global benchmark, dropped 35 percent last year for a third annual loss...."

[R-BgO]

Antwort auf Beitrag Nr.: 49.917.453 von R-BgO am 05.06.15 11:08:52

Das war wohl ein Fehler,

Zahlen haben sich drastisch verbessert;

inzwischen sogar 14% EK-Rendite...

[R-BgO]

Ormat Buys Energy Storage Solutions Provider Viridity
January 3, 2017
By Renewable Energy World Editors


Global geothermal firm Ormat Technologies is expanding its business into the energy storage and demand response sectors through the acquisition of Philadelphia-based storage solutions provider Veridity Energy for $35 million.

Viridity offers proprietary storage solutions primarily to retail energy providers, utilities, and large industrial and commercial clients for the purpose of optimizing energy management, demand response and storage facilities. Viridity’s solutions interact on behalf of clients with regional transmission operators.

“Ormat intends to use the Viridity platform to accelerate long term growth, expand its market presence, and further develop Viridity’s demand response VPower software platform and energy storage services,” Ormat CEO Isaac Angel said in a statement today. Ormat will continue to provide services and products to existing customers, while expanding into new geographies and targeting a broader potential customer base.”

According to Angle, Ormat’s long-term vision is to evolve from a leader in the geothermal industry to a “leader in the broader renewable energy market.

Ormat in March announced it signed an agreement with a subsidiary of Alevo Gropu to jointly build, own and operate the Rabbit Hill energy storage project in Georgetown, Texas.

[R-BgO]

Japanese Firm Acquires Stake in Ormat
May 5, 2017, By Renewable Energy World Editors


Japanese firm ORIX Corp. will acquire an approximately $627 million ownership stake in Nevada-based geothermal company Ormat Technologies, the companies said on May 4.

ORIX will purchase about 11 million shares of Ormat common stock from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing an approximately 22 percent ownership position in Ormat.

“We are delighted to be partnering with Ormat to support the company’s expansion in the global geothermal energy market,” Yuichi Nishigori, head of energy and eco services business headquarters of ORIX, said in a statement. “As one of Asia’s leading investors in the renewable energy sector, and with a growing portfolio of renewable energy investments around the world, we recognize the importance of having clean, reliable, baseload power such as that which geothermal provides, and we believe that the geothermal sector has the potential to become an increasingly large component of the world’s overall energy mix.”

The parties expect closing to occur in 3Q17.

[ArminBrack]

Aktie wird gerade von einem größeren US-Börsenbrief gepusht.
Profits Unlimited
Author/Editor: Paul Mampilly
Publisher: Banyan Hill (was Sovereign Society)

Finde den Kommentar von Travis Johnson auf stockgumshoe.com dazu gut:

Thanks to an earnings beat a week ago, combined with the attention of Mampilly’s large-scale newsletter, ORA is no longer at $50 like it was back in January and late last year — it has surged up to $58 a share, with a market cap now of about $2.9 billion.

Ormat is certainly the largest pure-play geothermal stock in the US, and they are both a designer and builder of geothermal power plants and equipment, and an operator of a few facilities (the revenue of late is roughly 1/3 from sales — engineering, equipment and construction; and 2/3 from electricity sales from their operated facilities).

They’ve been around for a long time, and they were probably the easiest and least speculative geothermal investment you could have made back in 2007 and 2008 (though the valuation was tough to swallow at the peak back then as well, when it briefly had a trailing PE of 80), though it was the junior project developers like US Geothermal and Polaris and Sierra and Ram Power that were more often teased and touted by newsletters (ORA shares are now slightly above where they were at the January 2008 peak — they bottomed out in late 2011 at around $15… most of the speculative geothermal stocks from a decade ago are down at least 75% from their peak, in some cases they’re down 99-100%).

ORA shares have done very well of late as interest in geothermal seems to have perked up a bit, and as Ormat has continued its recovery from a tough 2010-2012 period to grow both revenues and earnings, and they now also have a backlog of orders that’s roughly equal to a year’s worth of revenue… which isn’t a lot for an engineering company, but does at least provide some baseline for current-year expectations.

That doesn’t mean they’re “on fire”, at least not when it comes to actual financial performance — you do probably have to read between the lines and inject some “story” optimism in order to get excited about Ormat. The stock posted earnings per share of $2.46 in 2015, $1.90 in 2016 ($2.19 non-GAAP), and is predicted by analysts to earn $2.31 in 2017, $2.62 in 2018 and $2.71 in 2019.

That means buyers of the stock today are paying more than 20X 2019 earnings — that might work out, particularly if the optimism that shows in analyst estimates rising over the past year is warranted, but it’s a lot to pay for a company with relatively slow growth (that’s roughly 8%/year earnings growth from 2016-2019).

So it seems to me that it’s a little hard to buy based on the fundamentals right now — which means you need to have some real confidence in the growth story and in Ormat’s ability to substantially outperform those analyst expectations. That’s the skepticism you can use to counter the dreams of greed that might be percolating in your brain… and as for the optimism, you might start with the company’s own 2016 investor presentation.

The rub, of course, is that most of the big-picture comments and the “this will revolutionize the world” quotes are still from 2008 or 2009… and, in fact, many of the most enticing quotes in Mampilly’s ad were pulled from a 2008 LA Times story.

That doesn’t mean that geothermal is less real, but it does mean that we should probably be skeptical of those who promise huge and rapid investments in the sector or any other kind of dramatic change… the logic of this kind of energy was trumpeted from the rooftops in 2008 (and, before that, in 1980, and in the late 1960s), but geothermal plants are generally large, complex, capital-intensive (and often water-intensive) projects that often depend on government incentives or regulatory assistance, and they aren’t necessarily built easily or quickly.

So there you have it — I don’t know that I can get excited about Ormat at this price, but it is a real company that is almost entirely focused on operating and building geothermal plants, and they are profitable and growing. Beyond that, I’ll leave it to you to make your own call… it is, after all, your money. I’m pretty sure you’re not going to make “five times your money” in “the months ahead” on Ormat shares… but, of course, that depends a lot on how many months you think “in the months ahead” implies.

[R-BgO]

jedes Mal, wenn ich schaue,

ist sie mir zu teuer

[hubi3]

aber mittlerweile billiger als so mache Solaraktie...

[hubi3]

Besonders interessant finde ich den Geschäftsbereich Wärmerückgewinnung. Hier wurden auch schon einige Projekte in Europa realisiert. Statt die Energie beim Schornstein rauszublasen zusätzlich Strom oder Nutzwärme zu erzeugen macht Sinn.
Die Politik wird da sicher mit Üppigen Förderungen mithelfen um die Klimaziele zu erreichen. Weiters verbessert sich der ökologische Fingerabdruck des Kunden.

[SchwarW]

Antwort auf Beitrag Nr.: 65.653.734 von hubi3 am 10.11.20 10:26:06

Das ist prinzipiell richtig bzw. sehe ich hier auch langfristig hohes Potential. Problem hierbei ist, dass sich derartige Anlagen nur ab einer gewissen Größenordnung rechnen (mindestens 600 kW- 1MW elektrische Leistung, besser deutlich mehr) In der Regel handelt es sich bei den potentiellen Kunden dann auch um Größtverbraucher mit sehr niedrigen Energiebezugspreisen bzw. sind diese Unternehmen z.B. in D von den Umlagen befreit und daher nur schwer zu bewegen in derartige Systeme zu investieren. In diesen bzw. noch deutlichen größeren Leistungsklassen wird dann auch fördertechnisch nicht viele gehen bzw. ist die Politik eher gewillt ineffiziente Kleinsysteme zu fördern. Nach meinem technischen Stand der Dinge sind diese allerdings unwirtschaftlich und lassen sich nicht runterskalieren....Es gibt in Deutschland einige Unternehmen, die seit Jahren an kleineren System basteln. (z.B. ORC für BHKWs etc.) - leider alle ohne Förderung wirtschaftlich nicht tragfähig! Potentielle Kunden für Ormat sind eher Anwendungen bei großen Zementwerken, Verdichterstationen, Gasturbinen, Schwerindustrie etc., wobei hier der Stombezugspreis wie geschrieben hoch genug sein muß....

[hubi3]

Ich sehe in erster Linie eine Chance für Großbetriebe die Co2 Bilanz zu verbessern. Ob sich so eine Anlage im Betrieb rentiert hängt natürlich von den Energiepreisen ab. Das betrifft aber alle erneuerbaren Energieformen.

[hubi3]

Ormat nimmt den Betrieb des Kraftwerks Puna wieder auf

(übersetzt mit Google Translation, link zum Original: https://investor.ormat.com/news-events/news/news-details/202…

Unternehmensfreigabe - 11.12.2020
Puna versorgt Hawaii Island Grid nach zweieinhalb Jahren Reparaturen nach dem Vulkanausbruch mit Strom

Voraussichtliche Steigerung der Produktion auf 15 MW bis Ende 2020

RENO, Nevada, 12. November 2020 (GLOBE NEWSWIRE) - Ormat Technologies, Inc. (NYSE: ORA) gab heute bekannt, dass das Geothermiekraftwerk Puna wieder in Betrieb genommen wurde, das das Netz der Insel Hawaii mit Strom versorgt und ein halbes Jahr nach dem Ausbruch des Kilauea-Vulkans störte der Betrieb.

Die Stromerzeugung in Puna wurde am 5. November 2020 wieder aufgenommen. Derzeit liefert die Anlage zwischen 1 und 2 MW Energie an das Stromnetz. Ormat geht davon aus, dass die Produktion bis Ende 2020 schrittweise auf ca. 15 MW gesteigert werden kann, sofern eine zusätzliche Produktionsbohrung erfolgreich an das Kraftwerk angeschlossen wird.

Der Sanierungsplan von Ormat beinhaltete den Bau eines neuen Umspannwerks und das Hinzufügen neuer geothermischer Brunnen. Das Unternehmen geht derzeit davon aus, dass der Abschluss weiterer Bohrlocharbeiten, die in den nächsten 6 Monaten geplant sind, es dem Kraftwerk ermöglichen wird, die Produktion weiter anzukurbeln, mit dem Ziel, den vollen Betrieb bis Mitte 2021 wieder aufzunehmen.

"Ich schätze das Engagement und die harte Arbeit des Ormat-Teams in den letzten zweieinhalb Jahren sehr", sagte Doron Blachar, Chief Executive Officer von Ormat Technologies. „Das Kraftwerk Puna liefert saubere, erneuerbare Grundlastenergie für Hawaii, unterstützt das Ansehen des Staates als anerkannter Marktführer für Ökostrom, erhöht die Erzeugungsreserven von Hawaiian Electric und verringert den Bedarf an fossilen Brennstoffen zur Stromerzeugung für die Insel. Ormat und Hawaiian Electric haben eng zusammengearbeitet und sich den von der COVID-19-Pandemie auferlegten gründlichen Herausforderungen gestellt, um das Puna-Kraftwerk für die Bewohner Hawaiis wieder online zu stellen. Obwohl die Rampe auf volle Kapazität etwas länger dauert als wir kürzlich erwartet hatten, glaube ich, dass wir Puna im Jahr 2021 wieder in den normalen Betrieb bringen können. “

ÜBER ORMAT-TECHNOLOGIEN

Mit über fünf Jahrzehnten Erfahrung ist Ormat Technologies, Inc. ein führendes Geothermieunternehmen und das einzige vertikal integrierte Unternehmen, das sich mit der Erzeugung von Geothermie und zurückgewonnener Energie („REG“) befasst, mit dem Ziel, ein weltweit führender Anbieter erneuerbarer Energien zu werden. Ormat besitzt, betreibt, konstruiert, produziert und verkauft Geothermie- und REG-Kraftwerke, die hauptsächlich auf dem Ormat Energy Converter basieren - einem Stromerzeugungsaggregat, das Niedrig-, Mittel- und Hochtemperaturwärme in Strom umwandelt. Mit 68 US-Patenten wurden die Stromversorgungslösungen von Ormat unter härtesten Umweltbedingungen verfeinert und perfektioniert. Ormat beschäftigt 578 Mitarbeiter in den USA und 830 in Übersee. Die flexiblen, modularen Lösungen von Ormat für Geothermie und REG sind ideal für eine Vielzahl von Ressourceneigenschaften. Ormat hat entwickelt, hergestellte und gebaute Kraftwerke, die es derzeit besitzt oder für Versorgungsunternehmen und Entwickler weltweit installiert hat, mit einer Bruttokapazität von insgesamt rund 3.000 MW. Das derzeitige 933 MW-Erzeugungsportfolio von Ormat ist weltweit in den USA, Kenia, Guatemala, Indonesien, Honduras und Guadeloupe verteilt. Ormat nutzte seine Kernkompetenzen und seine globale Präsenz zusammen mit der Energiespeicherkompetenz seiner Tochtergesellschaft Viridity Energy Solutions Inc., um seine Geschäftstätigkeit um Energiespeicher- und Energiemanagementlösungen zu erweitern.

ORMAT'S SICHERE HAFENERKLÄRUNG

Die in dieser Pressemitteilung enthaltenen Informationen können Aussagen zu aktuellen Erwartungen, Schätzungen, Prognosen und Prognosen über zukünftige Ereignisse enthalten, die "zukunftsgerichtete Aussagen" im Sinne des Private Securities Litigation Reform Act von 1995 sind. Insbesondere unsere Erwartungen in Bezug auf die Der Zeitpunkt für die Rückkehr des Puna-Kraftwerks zum normalen Betrieb hängt vom Fortschritt bei der Sicherung zusätzlicher Einspritz- und Produktionskapazitäten ab. Diese zukunftsgerichteten Aussagen beziehen sich im Allgemeinen auf die Pläne, Ziele und Erwartungen von Ormat für zukünftige Operationen und basieren auf den aktuellen Schätzungen und Prognosen des Managements zukünftiger Ergebnisse oder Trends. Die tatsächlichen zukünftigen Ergebnisse können aufgrund bestimmter Risiken und Ungewissheiten erheblich von den prognostizierten Ergebnissen abweichen.

Eine Diskussion solcher Risiken und Unwägbarkeiten finden Sie unter "Risikofaktoren", wie im Ormat-Jahresbericht auf Formblatt 10-K beschrieben, der am 2. März 2020 bei der Securities and Exchange Commission („SEC“) eingereicht wurde, und in den vierteljährlichen Berichten von Ormat auf Formblatt 10 -Q, die regelmäßig bei der SEC eingereicht werden.

Diese zukunftsgerichteten Aussagen werden nur zum Datum dieses Dokuments gemacht, und wir übernehmen keine Verpflichtung, die zukunftsgerichteten Aussagen aufgrund neuer Informationen, zukünftiger Ereignisse oder aus anderen Gründen zu aktualisieren oder zu überarbeiten.

Ormat Technologies Kontakt:

Smadar Lavi

VP Corporate Finance und Leiter Investor Relations

775-356-9029 (Durchwahl 65726)

[e-mail] Kontakt der Investor Relations-Agentur:

Rob Fink

FNK IR

646-809-4048

[e-mail]

[PolyesterPower [KommA]]

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