------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response........11 ------------------------------ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Ormat Technologies, Inc. ------------------------------------ (Name of Issuer) Common Stock, par value $0.001 per share -------------------------------------------------------------------------------- (Title of Class of Securities) 686688-10-2 -------------------------------------------------------------------------------- (CUSIP Number) November 10, 2004 -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) -------------------------------------------------------------------------------- Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [X] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 6 Pages SCHEDULE 13G ------------------------ ----------------------- CUSIP NO. 686688102 PAGE 2 OF 6 PAGES ------------------------ ----------------------- -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS ORMAT INDUSTRIES, LTD. -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] -------------------------------------------------------------------------------- 3 SEC USE ONLY -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION ISRAEL -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER 24,374,996 SHARES ------------------------------------------------------------ BENEFICIALLY 6 SHARED VOTING POWER 0 OWNED BY ------------------------------------------------------------ EACH 7 SOLE DISPOSITIVE POWER 24,374,996 REPORTING ------------------------------------------------------------ PERSON 8 SHARED DISPOSITIVE POWER 0 WITH -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,374,996 -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 77.23% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO -------------------------------------------------------------------------------- PresidentCUSIP NO. 686688102 SCHEDULE 13G Page 3 of 6 Pages Item 1(a). Name of Issuer Ormat Technologies, Inc. (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 980 Greg Street Sparks, Nevada 89431 Item 2(a). Name of Person Filing: Ormat Industries, Ltd. (the "Reporting Person") Item 2(b). Address of Principal Business Office or if None, Residence: Industrial Area P.O. Box 68 Yavneh 81100 Israel Item 2(c). Citizenship: Israel Item 2(d). Title of Class of Securities: Common Stock, par value $0.001 (the "Common Stock") Item 2(e). CUSIP Number: 686688102 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13D-1(b) OR 240.13D-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act; CUSIP NO. 686688102 SCHEDULE 13G Page 4 of 6 Pages (d) [ ] Investment company registered under Section 8 of the Investment Company Act; (e) [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) The response of the Reporting Person to Row (9) of the cover page of this statement on Schedule 13G is incorporated herein by reference. (b) The response of the Reporting Person to Row (11) of the cover page of this statement on Schedule 13G is incorporated herein by reference. (c) The responses of the Reporting Person to Rows (5) through (8) of the cover page of this statement on Schedule 13G are incorporated herein by reference. Item 5. Ownership of Five Percent or Less of a Class Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable CUSIP NO. 686688102 SCHEDULE 13G Page 5 of 6 Pages Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification Not Applicable CUSIP NO. 686688102 SCHEDULE 13G Page 6 of 6 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct. Dated: February 13, 2005 Ormat Industries, Ltd. By: /s/ Yehudit Bronicki ------------------------ Yehudit Bronicki On behalf of Ormat Industries, Ltd. as