CONCORD NE (00182) surged more than 10% again, with its stock price nearly doubling since early April. As of the time of writing, the stock was up 10.71% to HK$0.465, with a turnover of HK$23.33 million.

On April 16, CONCORD NE announced that its 1GW data center capacity had completed large-load grid-connection studies and received grid-connection permission from ERCOT. The data center is adjacent to the group's existing utility-scale photovoltaic and energy storage projects, enabling a co-located "solar-plus-storage + data center" power supply model.

Furthermore, the company previously clarified that it has signed multiple long-term Power Purchase Agreements (PPAs) for photovoltaic projects in the United States with globally renowned enterprises.

Guoyuan International noted that the investment cost per watt for the U.S. project is approximately US$1, with PPA electricity prices locked in for 15 years. After factoring in ITC tax credits, the internal rate of return on equity is about 15%, and the all-in investment return exceeds 10%.

Regarding the financing structure, project financing can achieve a debt ratio of 80%-85%, with only 15%-20% required in equity. The debt financing cost ranges from 6% to 7%. The suppliers for components and energy storage batteries are leading domestic companies. It is anticipated that the first U.S. solar-plus-storage project could commence operations in 2027, contributing profits and cash flow.