Ormat Technologies, Inc. Updates Ashalim Solar Thermal Tender


RENO, Nev., Oct. 21 - Ormat Technologies, Inc. (NYSE: ORA), announced today that following the announcement of September 13, 2010, its subsidiary, Ormat Systems Ltd. ("Ormat"), in accordance with its business partner Solar Millennium AG, has resolved not to submit a bid for the Solar Thermal tender at Ashalim, Israel. This mutually agreed decision is a result of both companies' examinations of the tender requirements and the deadline constraints needed to provide a commercial offer.

Ormat continues to explore viable solar opportunities to leverage its technological expertise and further expand into the solar energy market.

About Ormat Technologies

Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The Company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by 75 U.S. patents. Ormat has engineered and built power plants, that it currently owns or has supplied to utilities and developers worldwide, totaling approximately 1300 MW of gross capacity. Ormat's current generating portfolio includes the following geothermal and recovered energy-based power plants: in the United States - Brady, Brawley, Heber, Mammoth, Ormesa, Puna, Steamboat, OREG 1, OREG 2, OREG 3 and OREG 4; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria III; and, in Nicaragua - Momotombo.

SOURCE Ormat Technologies, Inc.

CONTACT:

Dita Bronicki,

CEO of Ormat Technologies,

+1-775-356-9029,

dbronicki@ormat.com;

Investor Relations,

Marybeth Csaby,

+1-212-896-1236,

mcsaby@kcsa.com,

or Rob Fink,

+1-212-896-1206,

rfink@kcsa.com,

both of KCSA Strategic Communications

Web Site: www.ormat.com

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