ISRAEL; SINGAPORE —OPC Energy Ltd., a power generation subsidiary of Singapore-based holding company Kenon Holdings Ltd., has signed an agreement to sell its distributed energy division to a wholly owned unit of Aluma Infrastructure Fund (2020) Ltd. Under the terms of the transaction, Aluma will acquire the entity managing OPC’s customer-site energy generation assets in Israel for an aggregate consideration of approximately NIS 272 million, subject to interest and standard transaction adjustments.
The portfolio being transferred comprises approximately 52.2 MW of natural-gas-fueled electricity generation assets, which include operational facilities as well as projects currently under construction. As part of the contractual terms, OPC’s subsidiary is obligated to complete ongoing asset construction at its own cost, alongside managing structural agreements covering long-term natural gas supply and power procurement. OPC Energy operates as a prominent independent power producer focused on natural gas and renewable energy assets across Israel and the United States.
This divestment reflects a strategic portfolio realignment for OPC Energy, allowing the firm to monetize decentralized generation assets and optimize its operational core. For Aluma Infrastructure Fund, acquiring established distributed power assets strengthens its presence in localized, customer-sited energy utility services across the regional market.
The transaction is expected to impact the domestic industrial energy sector by securing persistent, site-specific power generation for commercial consumers. The completion of the deal remains subject to customary closing conditions and regulatory clearance from the Israel Competition Authority within a 180-day window.
For market participants and infrastructure investors, the transaction underscores sustained valuation and liquidity for decentralized gas-to-power generation assets. It highlights ongoing consolidation within private power distribution networks operating on commercial client premises.
