Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MW

Fourth Plant at Complex to Come On Line in Second Half of 2016 and Will Bring Its Capacity to 134 MW

RENO, Nev., Dec. 4, 2014 -- Ormat Technologies, Inc.

(NYSE:ORA) announced today its subsidiary has signed an amended and restated
Power Purchase Agreement ("PPA") with Kenya Power and Lighting Company
Limited (KPLC), paving the way for the expansion of the Olkaria complex.

Under the terms of the PPA, Ormat expects to increase the generating
capacity of the complex by 24 MW, bringing the complex's total capacity to
134 MW. The fourth plant is expected to come on line in the second half of
2016 and to sell electricity under a 20 years PPA with KPLC.

"Ormat's Olkaria geothermal complex provides clean, reliable and firm power
to over 200,000 Kenyan households, increasing the complex by an additional
24 MW will further benefit the Kenyan people. We see Kenya, with its
progressive renewable energy policy, as an important market for us and where
we will continue to explore additional projects," said Ormat CEO Isaac
Angel. "The synergies that derive from adding units to the existing complex
allow smaller plants to be a cost effective and provide the additional power
that the country needs in record speeds."

About Ormat Technologies, Inc.

With over four decades of experience, Ormat Technologies, Inc. is a leading
geothermal company and the only vertically integrated company solely engaged
in geothermal and recovered energy generation (REG). The company owns,
operates, designs, manufactures and sells geothermal and REG power plants
primarily based on the Ormat Energy Converter - a power generation unit that
converts low-, medium- and high-temperature heat into electricity. With over
77 U.S. patents, Ormat's power solutions have been refined and perfected
under the most grueling environmental conditions. Ormat has 480 employees in
the United States and about 640 overseas. Ormat's flexible, modular
solutions for geothermal power and REG are ideal for the vast range of
resource characteristics. The company has engineered, manufactured and
constructed power plants, which it currently owns or has installed to
utilities and developers worldwide, totaling over 1,900 MW of gross
capacity. Ormat's current generating portfolio of 626 MW (net) is spread
globally in the U.S., Guatemala and Kenya.

Featured Product

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Parker Wind Power Solutions - Core technologies to help you harness the wind… onshore and offshore

Visit Booth #2886 at AWEA Windpower, May 22-25 in Anaheim, CA to see how Parker products, systems and services help you raise performance while reducing risk in wind energy environments. Parker has been on the forefront of windpower for over two decades, with solutions that touch virtually every critical function in the turbine. From integrated lube oil filtration systems and sealing technologies that make drive trains more reliable and bearings operate like new to compact blade pitch actuation systems that maximize rotor efficiency and minimize vibrations in the turbine. Parker has the solutions that make today's advanced and sophisticated wind power plants better and smarter. Case in point? Our high efficiency power conversion systems that deliver optimum power to the grid. While our scalable evaporative cooling system lowers overall system cost with up to 40% higher power throughput.