Kenon to acquire 25% stake in Vicinity District Energy for $450M

Kenon Holdings Ltd. agreed to acquire 25% equity interest in Vicinity District Energy for approximately $450 million. Vicinity is a district heating/cooling utility platform serving 12 major US cities including Boston and Philadelphia.

“Kenon announces that it has entered into an agreement to acquire 25% of the equity interest in Vicinity District Energy for cash consideration of approximately $450 million.”prnewswire.com

• 1 source
• prnewswire.comKenon Announces Agreement to Acquire 25% Interest in District Heating and Cooling Business in the United States for approximately $450 millionKenon Holdings Ltd.Sep 30, 2026

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