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Kenon Holdings (NYSE: KEN, TASE: KEN), managed by Idan Ofer, introduced at present that its unit OPC Vitality’s (TASE:OPCE) subsidiary CPV Group has entered into an settlement to accumulate 4 working wind-powered electrical energy energy crops in Maine, US, with an combination capability of 81.5 MW.
The 4 crops function within the ISO-NE market within the US, and began industrial operations between 2008 and 2017. These crops are anticipated to promote their complete electrical energy output and inexperienced vitality certificates (RECs), beneath present energy buy agreements over the following 13 to 19 years. The facility crops’ income in 2020, 2021, and the primary 9 months of 2022 have 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 circumstances set forth within the settlement. CPV will finance 50% of the acquisition by exterior financing. OPC intends to finance its portion of the remaining quantity of the acquisition value by its personal assets, by elevating fairness or by exterior financing.
The acquisition is topic to circumstances, 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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