Kenon’s Subsidiary Poised for Energy Market Expansion
Company Announcements

Kenon’s Subsidiary Poised for Energy Market Expansion

Kenon (KEN) has released an update.

Kenon’s subsidiary, OPC Energy Ltd., is expanding its stake in the energy sector through its affiliate CPV Group LP, with agreements underway to increase ownership in two natural gas-fired power plants, potentially investing up to $240 million. These transactions are expected to be completed in the second half of 2024, subject to regulatory approvals. This strategic move signifies OPC’s commitment to growing its energy transition business in the PJM market.

For further insights into KEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskKenon’s OPC Expands Stakes in U.S. Power Plants
TipRanks Auto-Generated NewsdeskKenon Secures Major Investment for Solar Project
TipRanks Auto-Generated NewsdeskKenon Subsidiary Advances Major Solar Project
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App