Kenon Holdings Ltd. operates as a holding company with a primary focus on the global power generation industry. The company's principal operating business is OPC Energy, in which it holds a majority equity interest. OPC Energy generates and supplies electricity to private customers and national grids, operating conventional natural gas-fired power plants and renewable energy facilities in Israel and the United States (through its CPV Group subsidiary). Historically, Kenon maintained a diversified portfolio of investments, including a significant stake in the global container shipping company ZIM Integrated Shipping Services and the Chinese automotive manufacturer Qoros. However, in recent years, Kenon has executed a strategy to monetize these non-core assets, culminating in the sale of its remaining interest in ZIM in late 2024. Today, Kenon's revenue and operational focus are almost entirely derived from OPC Energy's power generation activities. The company's business model centers on supporting the growth of its subsidiaries while returning capital to shareholders through dividends and share repurchases funded by asset monetizations. Geographically, Kenon's operations are concentrated in Israel and the United States, though the holding company is headquartered and domiciled in Singapore.
