OPC Energy plans to acquire Competitive Power Ventures for $700-800M

Israel's OPC Energy signed a letter of intent to acquire US-based electricity generation company Competitive Power Ventures (CPV) for $700-800 million. The deal aims to expand OPC's operations in the US renewable energy market.

“We have long recognised the potential inherent in the US electricity market, with an emphasis on expanding operations into the field of renewable energies.”power-technology.com

• 3 sources
• power-technology.comIsrael’s OPC Energy to acquire US firm Competitive Power Ventures - Power TechnologyUmesh EllichipuramSep 17, 2020
• prnewswire.comKenon's Subsidiary OPC Announces Agreement to Acquire CPV Power Business in the United StatesKenon Holdings Ltd.Oct 12, 2020
• power-eng.comGIP selling gas-fired, solar developer Competitive Power Ventures to Israeli-based OPCRod WaltonOct 13, 2020

Summarized from public sources; check the original articles before acting on it.