Concord New Energy subsidiary signs S$76.4 million storage equipment deal

SGX Filings

Feb 20

Concord New Energy Group Limited (SEG) said its wholly-owned unit Blue Heron Solar, LLC signed a purchase contract on Feb, 13 2026 and, after trading hours on Feb, 20 2026, issued a purchase order to Trina Energy Storage Solutions US Inc. for energy-storage equipment worth about 76.4 million Singapore dollars.

The order covers battery storage systems, related components, testing, commissioning, delivery and a five-year warranty for a 146 MW/292 MWh energy-storage project in the United States. The price comprises roughly 58.3 million Singapore dollars for the equipment and 18.1 million Singapore dollars in tariffs.

Blue Heron will pay 10% of the contract value as a deposit within five business days, with the remaining balance settled in staged instalments linked to manufacturing milestones, delivery and commissioning. The equipment is scheduled for delivery by Aug, 31 2026 and will be funded through internal resources and/or borrowings.

The transaction’s size means it is classified as a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules, requiring announcement and publication but not shareholder approval.

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