Concord New Energy to Spend US$56.6 Million on Major Storage Equipment Purchase

An announcement from Concord New Energy Group ( (HK:0182) ) is now available.

Concord New Energy Group has agreed to purchase energy storage equipment worth about US$56.61 million from Trina Storage for a project, covering batteries, related components, testing, commissioning, delivery and warranty services. The deal, struck on 13 and 20 February 2026 between subsidiary Blue Heron and Trina Storage, is classified as a discloseable transaction under Hong Kong listing rules, underscoring the group’s ongoing investment in large-scale storage as it deepens its renewable energy capabilities.

The consideration includes roughly US$43.22 million as purchase price and US$13.39 million in tariffs, to be settled in staged payments tied to milestones such as owner approval, completion of manufacturing tests, factory release and equipment delivery. By locking in sizeable storage capacity on arm’s-length terms and market-referenced pricing, the company is positioning itself to enhance project performance and grid integration, which may strengthen its competitive standing in the fast-growing energy storage segment.

The most recent analyst rating on (HK:0182) stock is a Hold with a HK$0.33 price target. To see the full list of analyst forecasts on Concord New Energy Group stock, see the HK:0182 Stock Forecast page.

More about Concord New Energy Group

Concord New Energy Group Limited is a Bermuda-incorporated company listed in Hong Kong and Singapore, operating in the renewable energy sector with a focus on power projects. Through subsidiaries such as Blue Heron, the group develops and invests in clean energy infrastructure, including generation and associated technologies like energy storage systems.

Average Trading Volume: 17,418,343

Technical Sentiment Signal: Sell

Current Market Cap: HK$2.68B

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