CONCORD NE (00182) announced that, following the trading session on January 14, 2026, the project owner (a wholly-owned subsidiary of the Company) entered into a procurement and construction agreement with contractor The Ryan Company. Under this agreement, the owner has engaged the contractor to undertake the project for a contract price of approximately USD 156 million.

The project involves a power generation facility located in the United States, comprising approximately 172 MW AC of solar generation capacity and a related battery energy storage system with a general capacity of about 432 MWh. The owner will directly procure certain essential equipment required for the project, including main power transformers, high-voltage circuit breakers, the battery energy storage system, photovoltaic inverters, and solar modules.