Singapore-headquartered Concord New Energy Group Limited (CNE Group) has announced plans to invest approximately US$113.53 million in a major solar power project in the United States. The initiative involves a wholly-owned subsidiary partnering with contractor NoBull Energy to develop a 147MW AC solar-powered electric generating facility combined with a 361MWh battery energy storage system. No details have been provided as to the location of the project in the USA even as states like Texas continue to dominate the solar energy space.
Once completed the project will further strengthen CNE Group’s position in the rapidly growing renewable energy market.
Procurement of equipment
Earlier in September, CNE Group also revealed a discloseable transaction for the procurement of electrical equipment from CHINT Electric worth US$31.66 million. This purchase supports the company’s ongoing Solar and Storage Project, with delivery anticipated by December 2027. The deal, financed through internal funds and borrowings, underscores CNE Group’s continued investment in advancing its operational and technological capabilities in renewable energy.
Concord New Energy Group Limited (CNE Group) is a global renewable energy company specializing in wind, solar, and energy storage project development. Headquartered in Singapore, the company maintains a strong presence across North America, Europe, and Asia.
Key Milestones
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2006: Launched its first large-scale wind energy projects, marking the beginning of its journey in renewable power generation.
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2010: Expanded operations into Europe and North America, strengthening its global footprint in wind and solar energy.
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Global Growth: Achieved over 4GW of installed renewable energy capacity worldwide across wind, solar, and storage projects.
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2025 Progress: By the first half of 2025, the Group had expanded its presence in key international markets while enhancing its project development capabilities. It secured 600 MW of new wind investment projects in China, along with 152.5 MW of solar projects and 300 MW of energy storage projects outside China.
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During this period, Concord New Energy leveraged strong synergies between its development and professional service divisions, including power plant operations and maintenance (O&M), design, consulting, and power trading. The contract value of newly signed external O&M, design, and consulting agreements also recorded significant growth, reinforcing the Group’s integrated renewable energy service model.
