Kenon Holdings Ltd. (KEN) has released an update.
Kenon Holdings Ltd. subsidiary OPC Energy Ltd. is poised to significantly boost its U.S. renewable energy ventures, as it enters a non-binding term sheet for a $300 million investment from a North American infrastructure fund. This deal could yield the investor a 32.6% stake in OPC’s subsidiary, CPV Renewable Power, aiming to finance expansion and development of renewable projects. An exclusive 60-day negotiation period has been set, offering a potential leap forward for Kenon’s presence in the renewable energy market.
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