Kenon Holdings (KEN) gains full control of 1.35 GW Basin Ranch power project

Rhea-AI Filing Summary

Kenon Holdings Ltd. reported that its subsidiary OPC Energy Ltd., through 70%-owned CPV Group LP, has completed the acquisition of the remaining 30% interest in the Basin Ranch Project in Texas, a gas-fired power plant project with an estimated 1.35 GW capacity.

Following this transaction, CPV Group now owns 100% of the Basin Ranch Project, consolidating full ownership of the asset. Kenon refers investors to earlier reports for additional background on the transaction and project development.

Insights

Infrastructure & Energy Assets Analyst

Kenon now indirectly controls 100% of a 1.35 GW Texas gas power project via its subsidiaries.

Kenon Holdings, through subsidiary OPC Energy and its 70%-owned CPV Group, completed the purchase of the remaining 30% interest in the Basin Ranch gas-fired power project in Texas, raising CPV Group’s stake from 70% to 100%.

Full ownership typically simplifies decision-making and aligns incentives across development, financing, and operations, although the filing does not disclose consideration paid or financial impact. The estimated 1.35 GW capacity highlights the project’s large physical scale within the U.S. power market.

The company cites earlier reports dated October 23, 2025, October 28, 2025, October 29, 2025, and January 8, 2026 for background, suggesting a staged transaction process. Future company filings may provide more detail on commercial operations, cash flows, and any project-level financing.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

February 3, 2026

Commission File Number 001-36761

Kenon Holdings Ltd.

1 Temasek Avenue #37-02B
Millenia Tower
Singapore 039192
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒  Form 40-F ☐

EXHIBIT 99.1 TO THIS REPORT ON FORM 6-K IS INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT

Exhibits

99.1 Press Release, dated February 3, 2026: Kenon’s Subsidiary OPC Energy Ltd. Announces the Completion of Acquisition of Remaining Interest in the Basin Ranch Project by CPV Group

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	KENON HOLDINGS LTD.
Date: February 3, 2026	By:	/s/ Robert L. Rosen
		Name: Robert L. Rosen
		Title: Chief Executive Officer

Exhibit 99.1

Kenon’s Subsidiary OPC Energy Ltd. Announces the Completion of Acquisition of

Remaining Interest in the Basin Ranch Project by CPV Group

Singapore, February 3, 2026. Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) subsidiary OPC Energy Ltd. (“OPC”) has announced the completion of CPV Group LP’s (a 70%-owned subsidiary of OPC) (“CPV Group”) previously announced acquisition of the remaining 30% interest in the Basin Ranch Project, a gas-fired power plant project in Texas with an estimated 1.35 GW capacity (the “Basin Ranch Project”). As a result, CPV Group now owns 100% of the Basin Ranch Project.

For further information, see Kenon’s Reports on Form 6-K furnished to the U.S. Securities and Exchange Commission on October 23, 2025, October 28, 2025, October 29, 2025 and January 8, 2026.

FAQ

What did Kenon Holdings (KEN) announce regarding the Basin Ranch Project?

Kenon Holdings announced that CPV Group, a 70%-owned subsidiary of its unit OPC Energy Ltd., completed acquiring the remaining 30% interest in the Basin Ranch gas-fired power project in Texas. As a result, CPV Group now owns 100% of this estimated 1.35 GW project.

Who owns the Basin Ranch Project after this Kenon (KEN) transaction?

After the transaction, CPV Group LP, a 70%-owned subsidiary of OPC Energy Ltd., holds 100% of the Basin Ranch Project. OPC Energy is a subsidiary of Kenon Holdings, so Kenon indirectly consolidates full project ownership through its subsidiary structure.

What is the Basin Ranch Project mentioned by Kenon Holdings (KEN)?

The Basin Ranch Project is a gas-fired power plant project located in Texas with an estimated 1.35 GW capacity. Kenon’s subsidiary OPC Energy, through CPV Group, has now acquired the remaining 30% interest, giving CPV Group full ownership of the project.

How is CPV Group related to Kenon Holdings (KEN) and OPC Energy?

CPV Group LP is a 70%-owned subsidiary of OPC Energy Ltd., which itself is a subsidiary of Kenon Holdings Ltd. Through this ownership chain, Kenon indirectly controls CPV Group and, following the transaction, indirectly controls 100% of the Basin Ranch Project.

When did Kenon Holdings (KEN) say the Basin Ranch acquisition was completed?

Kenon stated on February 3, 2026 that CPV Group completed the acquisition of the remaining 30% interest in the Basin Ranch Project. The company also referenced prior reports from late 2025 and early 2026 that described earlier stages of the transaction.

Where can investors find more details on Kenon (KEN) and the Basin Ranch deal?

Kenon directed readers to its prior Reports on Form 6-K furnished on October 23, 2025, October 28, 2025, October 29, 2025, and January 8, 2026. Those filings contain additional information on the Basin Ranch Project transaction.