Earnings ·
Kenon Holdings Ltd.'s subsidiary OPC Energy reported consolidated EBITDA after proportionate consolidation of $255…
KENKenon Holdings Ltd.
Kenon Holdings Ltd.'s subsidiary OPC Energy reported consolidated EBITDA after proportionate consolidation of $255 million for the six months ended June 30, 2026, a 26% increase from $203 million in the prior year period. Net income rose to $29 million from $27 million, while adjusted net income more than doubled to $67 million from $33 million. In Israel, construction commenced on the 850-megawatt Hadera expansion project, and OPC Israel was awarded capacity certificates for 200 megawatts at a base tariff of 10.2 agurots per kilowatt. The company also signed a long-term power purchase agreement to supply up to 460 megawatts to data center customers. In the U.S., Kenon acquired full ownership of the Shore and Maryland power plants, increasing consolidated revenues significantly due to first-time consolidation. Credit ratings were upgraded by Midroog and S&P Maalot, and the company prepaid approximately $68 million in debentures. Kenon Holdings Ltd. operates as an independent power producer focused on electricity generation and energy transition projects.