Kenon Subsidiary Advances Major Solar Project

Kenon (KEN) has released an update.

Kenon Holdings Ltd. reports that its subsidiary OPC Energy Ltd. has paid approximately $48 million to secure land rights for a new renewable energy project in Israel, aiming to build a significant photovoltaic electricity generation and storage facility with a combined capacity of around 500 MW and 2,760 MWh. This strategic move aligns with the company’s expansion goals in Israel’s renewable energy sector, although the project’s development is still subject to obtaining necessary approvals and regulations.

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