In April 2025, CPV Group LP completed the acquisition of an additional 20% interest in CPV Shore LLC. This transaction significantly increases CPV's total holding in CPV Shore to approximately 90%.
This increased ownership stake solidifies Kenon's indirect control over the CPV Shore natural gas-fired power plant, enhancing its share of operational profits and strategic decision-making. The move aligns with Kenon's strategy to optimize its core power generation assets.
The acquisition follows previous efforts to expand CPV's interests in its operating power plants, reinforcing Kenon's commitment to its energy portfolio in the United States.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.