OPC Energy Ltd., Subsidiary of Kenon Holdings., Announced Update In Respect Of Bid In Israel Land Authority Tender To Design and Build Electricity Generation Facilities Using Photovoltaic Technology
Portfolio Pulse from Charles Gross
Kenon Holdings Ltd.'s subsidiary OPC Energy Ltd. has won a tender conducted by the Israel Land Authority to design renewable energy electricity generation facilities using photovoltaic technology. OPC has paid $26.1 million, constituting 20% of the total consideration for the lease rights. The project aims to generate electrical power utilizing photovoltaic technology with an estimated cumulative capacity of approximately 245 MW.
August 01, 2023 | 10:22 am
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POSITIVE IMPACT
Kenon Holdings' subsidiary OPC Energy has won a significant tender for a renewable energy project in Israel. This could potentially increase the company's revenues and profitability in the future.
Winning the tender for the renewable energy project is a significant achievement for Kenon Holdings. This could potentially lead to increased revenues and profitability for the company in the future, as the renewable energy sector is growing rapidly. The payment of $26.1 million for the lease rights also indicates the company's commitment to the project.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100