On November 13, 2024, Harrison Street, a U.S. private equity infrastructure fund, completed its initial investment in CPV Renewable Power LLC, a wholly-owned subsidiary of CPV. This transaction saw Harrison Street fund $200 million of its total $300 million investment.
In exchange for this initial funding, Harrison Street received 33.33% of the ordinary interests in CPV Renewable. The remaining $100 million of the investment is expected to be funded in 2025, subject to the terms of the transaction.
This significant equity investment provides CPV Renewable with substantial capital to advance its renewable energy projects and expand its footprint in the U.S. market, reinforcing Kenon's strategic focus on sustainable power generation.
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