Ormat Technologies raising USD 300 million on NYSE
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Israeli geothermal energy company Ormat Technologies Inc. has raised USD 300 million on the NYSE.
Ormat operates in two sectors of activity in geothermal energy: in the electricity sector it builds power plants and operates them under its own ownership, and in the products sector, it builds power plants for others. At the same time, the company also operates in the field of energy storage.
The funds will be used for general corporate purposes, including working capital and capital expenditures, and for potential acquisitions, including complementary businesses, technologies or assets.
