Kenon Subsidiary Advances U.S. Renewable Energy Deal

Kenon (KEN) has released an update.

Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., continues negotiations for a potential investment by a North American private equity fund into its U.S. renewable energy business, CPV Renewable Power. The exclusivity period for this deal, which could significantly impact Kenon’s foothold in renewable energy, has been extended. Details of the ongoing talks follow Kenon’s initial report on the non-binding term sheet from April 2024.

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