CONCORD NE (00182) rose nearly 9% again. As of the time of writing, the stock was up 7.25%, trading at HK$0.37, with a turnover of HK$12.5133 million. On the news front, on April 16, the company announced that its 1GW capacity data center has completed large-scale load grid integration studies and has been granted grid connection approval by ERCOT. The data center is adjacent to the group's existing utility-scale solar and energy storage projects, enabling a co-located power supply model integrating "solar-plus-storage with data centers." Guoyuan International released a research report stating that the scarcity and value of the ERCOT grid connection approval cannot be overlooked, and it anticipates subsequent financing and progress on signing Power Purchase Agreements (PPAs) for the data center. The institution pointed out that a 660MW solar PPA in the US is locked in for 15 years, and the 1GW data center has obtained grid connection approval. The economics of the US projects are significantly superior to those domestically, ensuring profit certainty. The company's strategy is undergoing a fundamental shift: overseas, the focus is on holding long-term PPA assets with high profit certainty, while domestically, it is moving towards an asset-light model. Approximately 300MW of new capacity is expected to commence operation domestically in 2026, primarily consisting of projects started in 2025, with new projects essentially no longer being held as heavy assets, shifting instead to a Build-Transfer (BT) model.