Kenon’s OPC Expands Stakes in U.S. Power Plants

Kenon (KEN) has released an update.

Kenon’s subsidiary, OPC Energy Ltd., has announced the completion of acquiring an additional 25% interest in CPV Maryland, as well as agreements to further increase stakes in two natural gas-fired power plants. The acquisitions, expected to cost between $200 million and $230 million, will boost CPV’s holdings to approximately 69% in CPV Shore and 75% in CPV Maryland, pending regulatory approvals anticipated by the end of 2024.

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