Direktnyheter • 4h
OPC Energy Grows US Gas Projects Pipeline and Receives Positive Credit Outlook OPC Energy reported strong first quarter 2026 results, supported by ongoing momentum in both its Israeli and U.S. operations.
The company is progressing key Israeli projects, with Final Investment Decisions for the Hadera Expansion and Ramat Beka projects targeted by the end of Q2 2026.
In the U.S., OPC Energy expanded its natural gas project pipeline to 8.7 GW, accelerated work on the Shay project in the PJM market, and received an outlook upgrade to Positive from Midroog while its A1.il rating was affirmed.
The combination of solid quarterly performance, an expanded U.S. project pipeline and a Positive credit outlook points to a business that rating agencies currently view as financially resilient with access to funding for its growth plans.
You should still weigh project execution risks, regulatory developments in both Israel and the U.S., and the capital needs tied to bringing large gas projects and expansions to completion. Tillkännagivande • May 06
OPC Energy Ltd. to Report Q1, 2026 Results on May 20, 2026 OPC Energy Ltd. announced that they will report Q1, 2026 results on May 20, 2026 Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: ₪1.26 (vs ₪0.47 in FY 2024) Full year 2025 results: EPS: ₪1.26 (up from ₪0.47 in FY 2024). Revenue: ₪3.00b (up 8.0% from FY 2024). Net income: ₪346.0m (up 212% from FY 2024). Profit margin: 12% (up from 4.0% in FY 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 13
OPC Energy Ltd. announced that it has received ILS 800 million in funding from Menora Mivtachim Holdings Ltd., Harel Insurance Investments & Financial Services Ltd OPC Energy Ltd. announced completion a private placement of 8,000,000 ordinary shares of the company for gross proceeds of NIS 800,000,000 on March 13, 2026. The transaction involves participation from institutional and returning investor Harel Insurance Investments & Financial Services Ltd. for 2,000,000 shares for proceeds of NIS 200,000,000 and institutional and new investor Menora Mivtachim Holdings Ltd. for 1,500,000 shares for proceeds of NIS 150,000,000, each of which is an interested party of the company, and more investors. The Allocated Shares represent approximately 2.65% of the Company's outstanding share capital and voting rights prior to the transaction, approximately 2.58% following the completion of the allocation, and approximately 2.57% on a fully diluted basis. The Company's closing share price on the relevant trading day was NIS 105.7. The transaction price represents approximately 94.6% of the closing share price, representing strong confidence in the Company. Tillkännagivande • Feb 24
OPC Energy Ltd. to Report Q4, 2025 Results on Mar 12, 2026 OPC Energy Ltd. announced that they will report Q4, 2025 results on Mar 12, 2026 Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₪0.64 (vs ₪0.33 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.64 (up from ₪0.33 in 3Q 2024). Revenue: ₪895.0m (up 1.8% from 3Q 2024). Net income: ₪183.0m (up 126% from 3Q 2024). Profit margin: 20% (up from 9.2% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Nov 13
OPC Energy Ltd. to Report Q3, 2025 Results on Nov 19, 2025 OPC Energy Ltd. announced that they will report Q3, 2025 results on Nov 19, 2025 New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Tillkännagivande • Aug 16
OPC Energy Ltd. announced that it expects to receive ILS 900 million in funding OPC Energy Ltd. announced a private placement to issue 18,750,000 ordinary shares to institutional investors at an issue price of NIS 48 per share for gross proceeds of NIS 900,000,000 on August 14, 2025. The allocation of shares pursuant to the private placement is subject to the approval of the Tel Aviv Stock Exchange. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: ₪0.02 (vs ₪0.07 loss in 2Q 2024) Second quarter 2025 results: EPS: ₪0.02 (up from ₪0.07 loss in 2Q 2024). Revenue: ₪701.0m (up 4.2% from 2Q 2024). Net income: ₪5.00m (up ₪21.0m from 2Q 2024). Profit margin: 0.7% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 07
OPC Energy Ltd. to Report Q2, 2025 Results on Aug 13, 2025 OPC Energy Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025 New Risk • Jun 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Tillkännagivande • Jun 13
OPC Energy Ltd. has completed a Follow-on Equity Offering in the amount of ILS 849.99768 million. OPC Energy Ltd. has completed a Follow-on Equity Offering in the amount of ILS 849.99768 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 21,303,200
Price\Range: ILS 39.9 Reported Earnings • May 22
First quarter 2025 earnings released: EPS: ₪0.26 (vs ₪0.08 in 1Q 2024) First quarter 2025 results: EPS: ₪0.26 (up from ₪0.08 in 1Q 2024). Revenue: ₪660.0m (up 3.4% from 1Q 2024). Net income: ₪66.0m (up 267% from 1Q 2024). Profit margin: 10.0% (up from 2.8% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 20
OPC Energy Ltd. to Report Q1, 2025 Results on May 21, 2025 OPC Energy Ltd. announced that they will report Q1, 2025 results on May 21, 2025 Reported Earnings • Mar 12
Full year 2024 earnings released: EPS: ₪0.46 (vs ₪0.64 in FY 2023) Full year 2024 results: EPS: ₪0.46 (down from ₪0.64 in FY 2023). Revenue: ₪2.78b (up 8.9% from FY 2023). Net income: ₪111.0m (down 23% from FY 2023). Profit margin: 4.0% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 10
OPC Energy Ltd. to Report Q4, 2024 Results on Mar 12, 2025 OPC Energy Ltd. announced that they will report Q4, 2024 results on Mar 12, 2025 Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: ₪0.33 (vs ₪0.36 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.33 (down from ₪0.36 in 3Q 2023). Revenue: ₪879.0m (up 3.3% from 3Q 2023). Net income: ₪81.0m (down 1.2% from 3Q 2023). Profit margin: 9.2% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 14
OPC Energy Ltd., Annual General Meeting, Dec 18, 2024 OPC Energy Ltd., Annual General Meeting, Dec 18, 2024. Location: co. offices, Israel Tillkännagivande • Nov 07
OPC Energy Ltd. to Report Q3, 2024 Results on Nov 13, 2024 OPC Energy Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 20
Second quarter 2024 earnings released: ₪0.07 loss per share (vs ₪0.11 loss in 2Q 2023) Second quarter 2024 results: ₪0.07 loss per share (improved from ₪0.11 loss in 2Q 2023). Revenue: ₪673.0m (up 12% from 2Q 2023). Net loss: ₪16.0m (loss narrowed 33% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Tillkännagivande • Aug 18
OPC Energy Ltd. to Report Q2, 2024 Results on Aug 19, 2024 OPC Energy Ltd. announced that they will report Q2, 2024 results on Aug 19, 2024 New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 14% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (3.7% net profit margin). Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • May 22
First quarter 2024 earnings released: EPS: ₪0.08 (vs ₪0.28 in 1Q 2023) First quarter 2024 results: EPS: ₪0.08 (down from ₪0.28 in 1Q 2023). Revenue: ₪638.0m (up 23% from 1Q 2023). Net income: ₪18.0m (down 71% from 1Q 2023). Profit margin: 2.8% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Tillkännagivande • May 17
OPC Energy Ltd. to Report Q1, 2024 Results on May 21, 2024 OPC Energy Ltd. announced that they will report Q1, 2024 results on May 21, 2024 Tillkännagivande • Mar 18
OPC Energy Ltd.(TASE:OPCE) dropped from FTSE All-World Index (USD) OPC Energy Ltd.(TASE:OPCE) dropped from FTSE All-World Index (USD) Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: ₪0.63 (vs ₪0.79 in FY 2022) Full year 2023 results: EPS: ₪0.63 (down from ₪0.79 in FY 2022). Revenue: ₪2.55b (up 32% from FY 2022). Net income: ₪144.0m (down 14% from FY 2022). Profit margin: 5.6% (down from 8.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Tillkännagivande • Mar 04
OPC Energy Ltd. to Report Fiscal Year 2023 Results on Mar 12, 2024 OPC Energy Ltd. announced that they will report fiscal year 2023 results at 12:46 PM, Israel Standard Time on Mar 12, 2024 New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Tillkännagivande • Nov 20
OPC Energy Ltd., Annual General Meeting, Dec 11, 2023 OPC Energy Ltd., Annual General Meeting, Dec 11, 2023, at 17:00 Israel Standard Time. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₪0.36 (vs ₪0.36 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.36 (in line with 3Q 2022). Revenue: ₪851.0m (up 55% from 3Q 2022). Net income: ₪82.0m (up 7.9% from 3Q 2022). Profit margin: 9.6% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 15
OPC Energy Ltd. to Report Q3, 2023 Results on Nov 19, 2023 OPC Energy Ltd. announced that they will report Q3, 2023 results on Nov 19, 2023 Reported Earnings • Aug 23
Second quarter 2023 earnings released: ₪0.10 loss per share (vs ₪0.05 loss in 2Q 2022) Second quarter 2023 results: ₪0.10 loss per share (further deteriorated from ₪0.05 loss in 2Q 2022). Revenue: ₪601.0m (up 48% from 2Q 2022). Net loss: ₪24.0m (loss widened 118% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Jul 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 22% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • May 31
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪22.95, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 19x in the Renewable Energy industry in Israel. Total loss to shareholders of 7.5% over the past three years. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: ₪0.28 (vs ₪0.38 in 1Q 2022) First quarter 2023 results: EPS: ₪0.28 (down from ₪0.38 in 1Q 2022). Revenue: ₪519.0m (up 11% from 1Q 2022). Net income: ₪63.0m (down 19% from 1Q 2022). Profit margin: 12% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 21
Full year 2022 earnings released: EPS: ₪0.79 (vs ₪1.15 loss in FY 2021) Full year 2022 results: EPS: ₪0.79 (up from ₪1.15 loss in FY 2021). Revenue: ₪1.93b (up 22% from FY 2021). Net income: ₪167.0m (up ₪387.0m from FY 2021). Profit margin: 8.7% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Nov 26
Third quarter 2022 earnings released: EPS: ₪0.36 (vs ₪0.48 loss in 3Q 2021) Third quarter 2022 results: EPS: ₪0.36 (up from ₪0.48 loss in 3Q 2021). Revenue: ₪550.0m (up 28% from 3Q 2021). Net income: ₪76.0m (up ₪166.0m from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Sarit Sagiv was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Sep 22
OPC Energy Ltd. announced that it expects to receive ILS 500 million in funding OPC Energy Ltd. announced a private placement of 12,500,000 ordinary shares at a price of ILS 40 per share for gross proceeds of ILS 500,000,000 on September 21, 2022. The transaction will include participation from a number of classified investors. Post the transaction Kenon Holdings Ltd.'s stake in the company will be diluted to 55%. The transaction is subject to the approval of the Tel Aviv Stock Exchange. Reported Earnings • Aug 28
Second quarter 2022 earnings released: ₪0.05 loss per share (vs ₪0.38 loss in 2Q 2021) Second quarter 2022 results: ₪0.05 loss per share (up from ₪0.38 loss in 2Q 2021). Revenue: ₪405.0m (up 18% from 2Q 2021). Net loss: ₪11.0m (loss narrowed 85% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Tillkännagivande • Aug 25
OPC Energy Ltd. to Report Q2, 2022 Results on Aug 25, 2022 OPC Energy Ltd. announced that they will report Q2, 2022 results at 9:46 AM, Israel Standard Time on Aug 25, 2022 Reported Earnings • May 28
First quarter 2022 earnings released: EPS: ₪0.38 (vs ₪0.02 in 1Q 2021) First quarter 2022 results: EPS: ₪0.38 (up from ₪0.02 in 1Q 2021). Revenue: ₪468.0m (up 25% from 1Q 2021). Net income: ₪78.0m (up ₪75.0m from 1Q 2021). Profit margin: 17% (up from 0.8% in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Moshe Luhmany was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 29
Full year 2021 earnings released: ₪1.15 loss per share (vs ₪0.38 loss in FY 2020) Full year 2021 results: ₪1.15 loss per share (down from ₪0.38 loss in FY 2020). Revenue: ₪1.58b (up 19% from FY 2020). Net loss: ₪220.0m (loss widened 289% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 126 percentage points per year, which is a significant difference in performance. Tillkännagivande • Mar 29
OPC Energy Ltd. to Report Q4, 2021 Results on Mar 27, 2022 OPC Energy Ltd. announced that they will report Q4, 2021 results on Mar 27, 2022 Reported Earnings • Dec 04
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: ₪0.48 loss per share (down from ₪0.08 profit in 3Q 2020). Revenue: ₪430.0m (up 7.2% from 3Q 2020). Net loss: ₪90.0m (down ₪100.0m from profit in 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 27
Full year 2020 earnings released: ₪0.37 loss per share (vs ₪0.66 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: ₪1.33b (flat on FY 2019). Net loss: ₪56.6m (down 163% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Tillkännagivande • Jan 28
OPC Energy Ltd. announced that it expects to receive ILS 350.2 million in funding from Altshuler Shaham Group OPC Energy Ltd. (TASE:OPCE) announced that it has entered into an agreement for a private placement of 10,300,000 common shares at a price of ILS 34 per share for gross proceeds of ILS 350,200,000 on January 27, 2021. The transaction will include participation from Altshuler Shaham Group and entities managed by Altshuler Shaham Group. Post the transaction, Altshuler Shaham Group will hold 5.46% of the company's shares or 5.42% on a fully diluted basis and Kenon Holdings Ltd. (TASE:KEN)'s stake in the company will be diluted to 58.64%, or 58.24% on a fully diluted basis. Is New 90 Day High Low • Jan 27
New 90-day high: ₪37.56 The company is up 11% from its price of ₪33.90 on 29 October 2020. The Israeli market is up 25% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₪35.40 The company is up 14% from its price of ₪31.10 on 08 October 2020. The Israeli market is up 21% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Renewable Energy industry, which is up 6.0% over the same period. Tillkännagivande • Nov 19
OPC Energy Ltd. to Report Q3, 2020 Results on Nov 18, 2020 OPC Energy Ltd. announced that they will report Q3, 2020 results on Nov 18, 2020 Is New 90 Day High Low • Oct 22
New 90-day high: ₪35.08 The company is up 30% from its price of ₪26.99 on 23 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 21% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: ₪31.17 The company is up 7.0% from its price of ₪29.00 on 02 July 2020. The Israeli market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Renewable Energy industry, which is up 11% over the same period. Tillkännagivande • Sep 26
OPC Energy Ltd. (TASE:OPCE) entered into a non-binding term sheet to acquire Competitive Power Ventures, Inc. from Global Infrastructure Partners. OPC Energy Ltd. (TASE:OPCE) entered into a non-binding term sheet to acquire Competitive Power Ventures, Inc. from Global Infrastructure Partners on September 15, 2020. Subject to the completion of the negotiation and the execution of a purchase agreement in connection with the potential transaction, the estimated consideration to complete the potential transaction, including expected additional investments in upcoming years to fund CPV’s pipeline projects, is approximately $700 to $800 million, subject to certain adjustments and terms detailed in the term sheet. The sources to finance OPC’s portion of the funding for the potential transaction are expected to be derived from capital raising and/or debt raising (private, public or through bank loans) or a combination of the above, as well as available cash. In connection with the potential transaction, Kenon is considering, and has informed OPC, that in the event that OPC will seek to raise capital from its shareholders in connection with the potential transaction (if and as may be executed), then Kenon will strongly consider participating in such capital raising, subject to Kenon being satisfied with the terms of the capital raise and other relevant considerations. Should a purchase agreement for the potential transaction be executed, the acquisition is expected to be carried out through a partnership, in which OPC will hold approximately 70% of the ownership interests (including the general partner), and additional institutional/financial Israeli investor(s) will hold the remainder of the ownership interests. OPC is under negotiation with Clal, Migdal and Poalim Capital Markets to form the partnership, and the parties’ participation in the potential transaction. The closing of the potential transaction, to the extent the purchase agreement is signed, is subject to the receipt of various regulatory approvals and clearances in the US. OPC currently expects that approvals or clearances with respect to the potential transaction will likely be required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and from the Federal Energy Regulatory Commission, the Committee on Foreign Investment in the United States and the New York State Public Service Commission. OPC estimates that the receipt of approvals is expected within approximately 3 to 6 months from the date of signing the purchase agreement (to the extent signed). The term sheet includes an exclusivity period of 30 days for the completion of negotiations and the execution of a definitive purchase agreement. As of September 24, 2020, the agreement for the acquisition of CPV by OPC being signed by December 31, 2020, subject to a maximum purchase price. Morgan Stanley acted as financial advisor to Global Infrastructure Partners in the transaction. 