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Note 2 - Share Exchange Transaction
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Share Exchange Transaction [Text Block]
NOTE
2
— SHARE EXCHANGE TRANSACTION
 
Share exchange transaction
 
On
February
12,
2015,
the Company completed the share exchange transaction with its then-parent entity, Ormat Industries Ltd. ("OIL") following which, the Company became a noncontrolled public company and its public float increased from approximately
40%
to approximately
76%
of its total shares outstanding. Under the terms of the share exchange, OIL shareholders received
0.2592
shares in the Company for each share in OIL, or an aggregate of approximately
30.2
million shares, reflecting a net issuance of approximately
3.0
million shares (after deducting the
27.2
million shares that OIL held in the Company). Consequently, the number of total shares of the Company outstanding increased from approximately
45.5
million shares to approximately
48.5
million shares as of the closing of the share exchange.
 
In exchange, the Company also received
$15.4
million in cash,
$0.6
million in other assets and
$12.1
million in land and buildings and assumed
$0.5
million in liabilities. OIL's principal business purpose was to hold its interest in the Company and the transaction resulted in a transfer of non-material assets from OIL to the Company. Therefore, there was no change in the reporting entity as a result of the transaction and the Company recognized the transfer of net assets at their carrying value as presented in OIL's financial statements. Any activities of OIL will be accounted for prospectively by the Company.