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Kenon Holdings (NYSE: KEN, TASE: KEN), managed by Idan Ofer, introduced at the moment that its unit OPC Vitality’s (TASE:OPCE) subsidiary CPV Group has entered into an settlement to amass 4 working wind-powered electrical energy energy vegetation in Maine, US, with an mixture capability of 81.5 MW.
The 4 vegetation function within the ISO-NE market within the US, and began business operations between 2008 and 2017. These vegetation are anticipated to promote their total electrical energy output and inexperienced vitality certificates (RECs), beneath current energy buy agreements over the following 13 to 19 years. The facility vegetation’ income in 2020, 2021, and the primary 9 months of 2022 had been $22 million, $23 million and $17 million, respectively.
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CPV is paying $172 million for the acquisition, topic to changes and the phrases and situations set forth within the settlement. CPV will finance 50% of the acquisition by way of exterior financing. OPC intends to finance its portion of the remaining quantity of the acquisition value by way of its personal assets, by elevating fairness or by way of exterior financing.
The acquisition is topic to situations, together with the receipt of regulatory approvals, that are anticipated to be obtained throughout the subsequent 2 to five months.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 4, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
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