Kenon (KEN) has released an update.
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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.
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