The
Nevada
company
increased
2011
revenue
17.1%
over
the
year
earlier
with
product
revenue
climbing
39%
to
$113.2m
and
electricity
revenue
from
its
geothermal
plants
up
11%
to
$323.8m,
on
average
electricity
sales
prices
of
$83/MWh.
Ormat
recorded
a
non-cash
valuation
allowance
of
$61.5m
for
deferred
tax
credits,
which
the
company
will
only
be
able
to
realize
if
it
generates
enough
taxable
US
income
before
they
expire.
Ormat
says
"no
economic
loss
has
occurred".
In
2011,
Ormat
added
26MW
of
new
geothermal
generation
capacity
and
increased
earnings
from
most
of
its…
