Breton Technology Signs €38.6 Million Contract for Congo Microgrid Energy Storage Project

Breton Technology Co., Ltd. Class H ( (HK:1333) ) just unveiled an announcement.

Breton Technology Co., Ltd. has announced that its indirect non-wholly owned subsidiary, AFRICA POWER PLATFORM II LIMITED, has signed an energy storage system equipment procurement contract with GREEN POWER TECHNOLOGIE for the Ruashi Microgrid Project in the Democratic Republic of the Congo. The project will deploy a 118MW photovoltaic plant and a 330MWh energy storage facility, with the Company acting as guarantor for the purchaser’s payment obligations.

The contract, valued at about EUR38.6 million plus interest and funded through recent placing proceeds, internal resources and bank borrowings, covers energy storage battery cabinets, power conversion systems, inverters, control systems and related services. Classified as a discloseable transaction under Hong Kong listing rules, the deal underscores Breton Technology’s expanding role in large-scale overseas renewable microgrid projects and signals a deeper commitment to African energy infrastructure development.

The most recent analyst rating on (HK:1333) stock is a Sell with a HK$19.50 price target. To see the full list of analyst forecasts on Breton Technology Co., Ltd. Class H stock, see the HK:1333 Stock Forecast page.

More about Breton Technology Co., Ltd. Class H

Breton Technology Co., Ltd. is a PRC-incorporated company listed in Hong Kong that operates through subsidiaries to develop and invest in power and energy projects. The Group’s activities include deploying photovoltaic generation and energy storage systems, with a strategic focus on international microgrid and renewable energy infrastructure, particularly in emerging markets.

Average Trading Volume: 1,639,216

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$7.89B

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