Kenon Unit Agrees to Sell Israeli Energy Business for $90M

Conditions precedent, including Israel Competition Authority approval, are to be satisfied within 180 days of signing.

Rhea-AI Filing Summary

Kenon Holdings Ltd. (KEN), through subsidiary OPC Energy Ltd., announced that an OPC subsidiary agreed to sell the company holding OPC’s distributed energy business to a wholly owned subsidiary of Aluma Infrastructure Fund (2020) Ltd. The business develops, constructs and operates energy-generation facilities at customer premises in Israel. Approximately 52.2 MW of natural-gas-fired facilities are operational or under construction and approaching operational status.

Aggregate consideration is approximately NIS 272 million (approximately $90 million), subject to interest and certain other adjustments under the agreement. Completion is subject to conditions precedent, including approval of the Israel Competition Authority. The agreement requires OPC’s subsidiary to complete, at its own expense, construction of facilities not yet completed and includes certain arrangements for long-term natural gas and electricity supply.

Key Figures

Aggregate consideration: approximately NIS 272 million Approximate consideration in U.S. dollars: approximately $90 million Generation capacity: approximately 52.2 MW +1 more

4 metrics

Aggregate consideration approximately NIS 272 million Sale transaction

Approximate consideration in U.S. dollars approximately $90 million Sale transaction

Generation capacity approximately 52.2 MW Facilities operational or under construction and approaching operational status

Conditions precedent period 180 days Period to satisfy conditions, including Israel Competition Authority approval

Key Terms

conditions precedent, indemnification and liability arrangements, natural-gas-fired electricity generation facilities, long-term supply of natural gas

4 terms

conditions precedent regulatory

"conditions precedent to completion of the Transaction"

Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.

indemnification and liability arrangements regulatory

"indemnification and liability arrangements"

natural-gas-fired electricity generation facilities technical

"52.2 MW of natural-gas-fired electricity generation facilities"

long-term supply of natural gas technical

"arrangements relating to long-term supply of natural gas"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the agreed consideration for Kenon’s (KEN) sale?

The aggregate consideration is approximately NIS 272 million (approximately $90 million), subject to interest and certain other adjustments set out in the agreement.

What business is Kenon (KEN) subsidiary OPC selling, and to whom?

An OPC subsidiary agreed to sell the company holding OPC’s distributed energy business to a wholly owned subsidiary of Aluma Infrastructure Fund (2020) Ltd. The business develops, constructs and operates energy-generation facilities at customers’ premises in Israel, including approximately 52.2 MW of natural-gas-fired facilities that are operational or under construction and approaching operational status.

What conditions apply to completion of Kenon’s (KEN) sale agreement?

Conditions precedent are to be satisfied within 180 days of signing, including approval of the Israel Competition Authority.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

September 28, 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 September 28, 2026: Kenon’s Subsidiary OPC Energy Ltd. Announces Agreement for Sale of its Distributed Energy Business

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: September 28, 2026	By:	/s/ Robert L. Rosen
		Name: Robert L. Rosen
		Title: Chief Executive Officer

Exhibit 99.1 

Kenon’s Subsidiary OPC Energy Ltd. Announces Agreement for Sale of its Distributed Energy Business

Singapore, September 28, 2026. Kenon Holdings Ltd.’s (NYSE: KEN, TASE: KEN) (“Kenon”) subsidiary OPC Energy Ltd. (“OPC”) has announced that its subsidiary has entered into an agreement (the “Agreement”) with a wholly-owned subsidiary of Aluma Infrastructure Fund (2020) Ltd. for the sale of the company that holds OPC’s distributed energy business, which involves the development, construction and operation of energy generation facilities at customers’ premises in Israel, of which approximately 52.2 MW of natural-gas-fired electricity generation facilities are operational or are in construction and approaching operational status (the “Transaction”). The aggregate consideration for the Transaction is approximately NIS 272 million (approximately $90 million), subject to interest and certain other adjustments as set forth in the Agreement.

The Agreement includes customary terms, conditions and undertakings, as well as indemnification and liability arrangements, including an obligation of OPC’s subsidiary to complete the construction of generation facilities (at its own expense) whose construction has not yet been completed, as well as certain arrangements relating to long-term supply of natural gas and electricity supply.

The Agreement sets forth conditions precedent to completion of the Transaction, to be satisfied within 180 days of the signing of the Agreement, including approval of the Israel Competition Authority.

Caution Concerning Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “estimate,” “intend,” “plan,” “believe,” “likely to,” “should,” or other similar expressions. These statements include statements relating to the Agreement and the Transaction and other non-historical statements. These forward-looking statements are based on current expectations or beliefs and are subject to uncertainty and changes in circumstances. These forward-looking statements are subject to a number of risks and uncertainties which could cause the actual results to differ materially from those indicated in Kenon’s forward-looking statements. Such risks include risks relating to the Agreement and the Transaction, including the possibility that the Transaction may not be completed on the anticipated terms or timeline, or at all, the risk of the failure to satisfy the conditions precedent to the completion of the Transaction and other risks and uncertainties, including those set forth under the heading “Risk Factors” in Kenon’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 5.3 KB