Kenon Subsidiary Secures Major Solar Project

Kenon (KEN) has released an update.

Kenon Holdings Ltd.’s subsidiary, OPC Energy Ltd., has won a significant tender from the Israel Land Authority to design and build solar energy generation facilities with storage in Israel. This win aligns with the company’s strategy to strengthen its position in the Israeli solar energy and energy storage market, particularly in large-scale projects. OPC anticipates the potential for a consolidated project that could deliver between 475 MW to 535 MW of power and 2,695 MWh to 2,825 MWh of storage, at an estimated cost of $1.2 to $1.3 billion.

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