Ormat Technologies launches share offering

March 16, 2023

Nevada-headquartered renewable energy developer Ormat Technologies is to offer 3.6 million shares in the company in order to raise funds to expand its business activities into areas such as energy storage and solar PV.

The offering is being underwritten by Goldman Sachs.

Energy storage-related business contributed 4.2 per cent of Ormat Technologies total revenues in the year ended 31 December 2022.