This Report on Form 6-K, including the exhibits hereto, includes forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “believe”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”,
“target”, “future”, and variations of these words or comparable words. These statements include statements with respect to OPC’s plans, expectations and strategy, including construction and development projects and OPC’s development pipeline
(including CPV Group LP and its investees (“CPV Group”)), including their respective portfolios of projects in various stages of development and construction, the expected start of construction and completion date of projects and estimated cost
of and investment in projects, agreements to acquire or dispose of projects, expected financing of projects, and decisions to proceed or to not proceed with projects in various stages of development, statements with respect to the possibility
of expansion of its activities in the area of generation and supply of electricity and energy in additional geographic regions and the stage of development and expectations of such projects, including expected commercial operation date, and the
total volume (in MW), grid connection, carbon capture potential, and other statements relating to other expectations about these projects, statements on the financing of the Basin Ranch project including the terms of financing for both the
Basin Ranch project and purchase of GE stake, statements regarding the proposed update in the structure of the electricity tariff in Israel and other statements with regard to tariffs and virtual suppliers, statements regarding characteristics
of projects including sources of funding, expected project construction costs, timelines, contracting, expected maintenance work and expected timing and impact of plant shutdowns, availability of plants, including the reduction of operations to
identify potential defects, and commercial operation of plants, agreements and expected agreements with tax equity partners, expected tax benefits, the capacity prices published by the PJM and the expected impact on CPV Group’s results, and
pricing methodology, expectations with respect to interest rates, statements regarding the war in Israel and expected impact on OPC, statements regarding the forecasted electricity and natural gas prices for 2025, 2026 and 2027 and underlying
assumptions and expected electricity margin, capacity tariff and revenues including secured capacity revenues for the rest of 2025, and capacity auctions and expected impact on CPV Group’s revenues and expected timing of future capacity
auctions, and the scope of energy hedges, plans for hedging electricity margins and expected generation and net hedged energy margin for 2025 and 2026, and the impact of weather events and conditions, statements on the negotiations for
increasing and/or exchanging holdings in some of CPV Group’s power plants, and the status and/or payment terms of the acquisition or disposal of stakes in the existing portfolio projects, including expected completion date and expected
accounting impact, the NYISO and ISO-NE markets capacity payments and availability prices, the impact of seasonal fluctuations in tariffs, carbon emissions regulation and the expected impact on CPV Group, gas supply agreements, plans and
agreements for supply of electricity, and statements with respect to the industry and market and potential and proposed regulatory and political developments and expected impact on OPC, the impact of seasonality, the Electricity Authority
tariffs, development of the Hadera 2 and Ramat Bekka projects in preparation towards financial close during 2026, partnership with Migdal in connection with the development of gas-powered generation projects, additional bank financing to be
used for bond repayments, statements regarding the expected value of profit sharing compensation plans for employees, statements regarding the expected impact of U.S. Government laws, rules, policies and orders including tariffs and customs
duty, and legislative changes with respect to renewable activities and projects, on CPV Group’s business, recently published regulations in Israel and potential impact on OPC, potential investments and investment opportunities in the renewable
energy sector and other non-historical statements. These statements are not historical facts, but rather are based on OPC management’s 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 such forward-looking statements.