Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with a $307 million public offering of 4,150,000 shares of common stock by Ormat Technologies, Inc. The common stock is listed on the New York Stock Exchange 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 the solar photovoltaic and energy storage and management services business.
The Davis Polk corporate team included partners Michael Kaplan and Yasin Keshvargar and associate Jacqueline Marino. Counsel Leslie J. Altus and associate Tomislava Dragicevic provided tax advice. Partner Pritesh P. Shah and associate Yana Kipnis provided intellectual property advice. Counsel David A. Zilberberg and associate Cristina Harshman provided environmental advice. All members of the Davis Polk team are based in the New York office.