The stock is listed on the NYSE and Tel Aviv Stock Exchange

Davis Polk advised the sole book-running manager in connection with an SEC-registered follow-on offering of 3,600,000 shares of the common stock of Ormat Technologies, Inc., for proceeds of approximately $297 million. The common stock is listed on the NYSE and the Tel Aviv Stock Exchange under the symbol “ORA.”

Ormat is a leading vertically integrated company that is primarily engaged in the geothermal and recovered energy power businesses. Ormat also leveraged its core capabilities and global presence to expand its activity into recovered energy generation and into different energy storage services and solar photovoltaic (PV) cells (including hybrid geothermal and solar PV as well as energy storage plus solar PV).

The Davis Polk corporate team included partner Yasin Keshvargar and associates Christian Knoble and Kanger Jin. Counsel Aliza Slansky and associate Charles Collier provided tax advice. Partner Pritesh P. Shah and associates Alison T. Chin and Emma C. Himes provided intellectual property advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.