Deals
Kenon Pays About $450 Million for a Quarter of Vicinity District Energy at a $2.92 Billion Enterprise Value
The Singapore-based holding company is buying into the sole district heating and cooling provider in 12 U.S. cities, alongside Harrison Street, from an Antin-related seller.
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By Anna Ferreira
Oct 1, 2026 · 5 min read
Kenon Holdings agreed to acquire an indirect 25% equity interest in Vicinity District Energy for approximately $450 million, which the company described as its maximum cash obligation in the transaction.
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Anna Ferreira
Senior Correspondent, Corporate Strategy
Anna Ferreira writes for Corporate Insider Inc.