Kenon (KEN) has released an update.
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Kenon’s subsidiary OPC Energy Ltd. has reported a substantial increase in capacity prices for CPV’s power plants in the PJM market, which is expected to boost CPV’s revenues by approximately $50 million in the 2025/2026 period. The price hike is due to a higher demand forecast, increased reserve margin requirements, and a reduction in overall supply. This financial uplift comes amid a broader focus on Energy Transition and Renewable Energies.
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