Concord New Energy Group Limited
Concord New Energy Group is a Singapore-headquartered, dual-listed renewable energy IPP with 4,928 MW of attributable wind, solar, and storage capacity across 20+ countries, operating AI-driven O&M and serving utilities, corporates, and data center operators globally.
- Company typePublic
- Founded2006
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Concord New Energy Group Limited does
Concord New Energy Group Limited is an integrated renewable energy developer, owner, and operator founded in 2006 and headquartered in Singapore. The company operates across five solution lines: Renewable Generation, Smart Operations and Maintenance (Smart O&M), Energy Storage, Green Power and Carbon Trading, and EPC and Consulting. With 4,928 MW of attributable installed capacity spanning more than 80 power stations in over 20 countries, Concord serves utilities, corporates, and data center operators across Asia, the Americas, and Europe. The group is dual-listed on the Hong Kong Stock Exchange (0182.HK) and the Singapore Exchange (SEG.SG), with institutional shareholders including IFC and Goldman Sachs.
The business is built around an AI-driven operations layer applied to a globally diversified wind, solar, and storage portfolio. Proprietary platforms — ESS Doctor and ESS OS — perform digital twin simulations, predictive maintenance, anomaly detection, and intelligent dispatch across 36 wind farms, 14 solar stations, and 2 energy storage facilities. Management attributes an approximately 40 percent reduction in power generation losses to the AI O&M stack, and the smart O&M capability is being productized for third-party asset owners. The energy storage subsidiary, SynVista, holds BloombergNEF Tier 1 designation, supporting the storage platform as a separate growth vector.
Revenue is generated through long-term power purchase agreements, asset development and rotation, O&M service fees, carbon trading commissions, and EPC project income. Anchor offtake contracts include a 469 MW multi-year PPA suite with Tesla in the United States, a 20-year power supply agreement with OMS Oilfield, and an MOU with Bridge Data Centres for data center power supply. With 59 employees supporting a sizable asset base, Concord runs a relatively lean operating model and was regionally restructured in 2025, reducing headcount by 31 percent and administrative expenses by 20 percent.
Concord New Energy Group Limited firmographics
Firmographics- Name
- Concord New Energy Group Limited
- Legal name
- Concord New Energy Group Limited
- Website
- https://concordnewenergy.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Concord New Energy Group is a Singapore-headquartered, dual-listed renewable energy IPP with 4,928 MW of attributable wind, solar, and storage capacity across 20+ countries, operating AI-driven O&M and serving utilities, corporates, and data center operators globally.
- Ownership category
- akta.pro rank
Concord New Energy Group Limited industry classification
Industry- Product category
- Renewable Energy Generation
- NAICS
- Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation (22111), Turbine and Turbine Generator Set Units Manufacturing (333611)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)
- akta.pro primary industry
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)
- akta.pro secondary industries
- Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)
Keywords
Where Concord New Energy Group Limited is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Concord New Energy Group Limited business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D
Revenue model
- Electricity Generation (Wind & Solar Power Plants): CNE develops, owns, and operates wind and solar power plants globally, generating revenue from the sale of electricity. Revenue from continuing operations reached RMB 2,544 million in 2025. The company had 4,928 MW of attributable installed capacity as of end-2025, including 4,044 MW of wind power and 884 MW of solar PV. Subsidy-free projects accounted for 3,530 MW (72% of total capacity).
- Green Power Trading & REC Sales: CNE facilitates the trade of green power and Renewable Energy Certificates (RECs and GECs). In 2024, CNE traded 811 million kWh of green power generating nearly USD 3.35 million in additional tariff revenue. All issued green certificates were sold with sales profit exceeding USD 3.71 million. In 2025, green electricity transaction volume increased 54.5% year-on-year to 1.253 billion kWh, with newly signed green certificate sales contracts of RMB 38.8 million.
- Carbon Asset Management & Trading: CNE develops and manages carbon reduction projects including CDM and CER projects, and participates in China's CCER market. The company provides businesses with carbon offsetting and investment opportunities in verified carbon reduction projects, leveraging real-time market data and AI-driven strategies.
- EPC Solutions & Consulting Services: CNE provides end-to-end engineering, procurement, and construction (EPC) solutions as well as technical consulting services for renewable energy projects globally. Services include feasibility studies, project design, grid integration, and construction management. The company also provides O&M, design, and consulting services with growing external contract values.
- Energy Storage Systems & Equipment: CNE manufactures and deploys energy storage products including battery modules, outdoor cabinets, and DC cabins for grid-side and C&I applications. Annual production capacity is 10 GWh. The company also offers OEM/ODM manufacturing for utility-scale energy storage.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Concord New Energy Group Limited product offering
Product offeringCore offering
Concord New Energy Group develops, owns, and operates wind and solar power generation assets with attributable installed capacity of 4,928 MW across more than 20 countries. Beyond generation, it supplies AI-driven energy storage solutions, smart operations and maintenance services, green power and carbon trading, and EPC/consulting services to enterprise customers. Its customer base includes Tesla, OMS Oilfield Singapore, and Bridge Data Centres.
Product overview
Concord New Energy Group operates as an integrated clean energy solutions provider with five core product/service lines: Renewable Energy Generation (wind and solar power plants), Smart Energy Operations & Management (AI-driven O&M), Energy Storage & Grid Resilience (battery solutions including ESS SDK/Doctor/OS sub-products), Green Power & Carbon Trading (RECs, carbon credits), and Energy Consulting & EPC Solutions. The company develops, owns, and operates renewable energy assets while providing technical and management services across the project lifecycle.
Differentiator
Problem solved
Functional benefit
Brands
- POWER+: Smart energy solution introduced by CNE for intelligent energy management and optimization.
- ESS Doctor
- ESS OS
Products and services
- Renewable Energy Generation (Wind & Solar) Utility-scale wind and solar power generation sold to utilities, corporates, hyperscalers, and industrial off-takers (including Tesla, Bridge Data Centres, and OMS Oilfield Singapore) under long-term PPAs.
- Smart Energy Operations & Management Smart O&M services for renewable assets using digital twin simulation and AI-driven monitoring to optimize plant performance for asset owners and operators.
- Energy Storage & Grid Resilience Systems AI-driven energy storage systems built on LFP battery technology with ESS Doctor and ESS OS platforms, delivered to enterprise customers for grid resilience and behind-the-meter applications.
- Green Power & Carbon Trading Trading of Renewable Energy Certificates (RECs) and carbon assets to help corporate buyers meet sustainability and net-zero commitments.
- Energy Consulting & EPC Solutions Engineering, procurement, and construction (EPC) services plus energy consulting delivered to renewable project developers, utilities, and corporate buyers.
Quantifiable outcome
- 3,800 MWh energy storage deployed supporting grid balancing
- +7 more outcomes
Companies that use Concord New Energy Group Limited
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Concord New Energy Group Limited technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature8 records
Concord New Energy Group Limited partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and major.
- TeslacoreConcord New Energy signed three long-term Power Purchase Agreements (PPAs) with Tesla for 3 U.S. solar projects with combined capacity of approximately 469 MW (AC) / 660 MW DC. After commissioning, the projects will supply approximately 1.2 million MWh of electricity to Tesla annually. The first project is expected to start supplying power in H1 2027. This partnership supports Tesla's clean energy procurement needs for its expanding U.S. operations including AI infrastructure.
- Bridge Data Centres (BDC)coreConcord New Energy signed a Memorandum of Understanding (MOU) with Bridge Data Centres, a Bain Capital-backed hyperscale data centre platform in Asia Pacific. The collaboration will jointly explore diversified energy supply pathways integrating renewable energy and hydrogen solutions on a global basis to support low-carbon transformation of data centre infrastructure. This includes the development of Singapore's first barge-based hydrogen power generation solution designed specifically for AI digital infrastructure.
- OMS Oilfield Singapore (OMS Energy Technologies Group)coreCNE Group signed a 20-year Power Purchase Agreement (PPA) with OMS Oilfield Singapore to supply green electricity from its 2.6 MWp industrial rooftop solar power plant in Singapore's Tuas Industrial Estate. The project generates 3.2 GWh of green electricity annually along with equivalent Renewable Energy Certificates (RECs). OMS is a Singapore-based manufacturer of surface wellhead systems and specialized connectors for the global energy industry.
- Multiple Multinational Power Generation EnterprisesmajorCNE established strategic partnerships with multiple multinational power generation enterprises in 2009, solidifying its position in the industry. These long-standing partnerships drive sustainable innovation in the renewable energy sector.
Scale indicators26 records
Recent moves7 records
Expansion highlights5 records
Concord New Energy Group Limited competitors and assessment
Company assessmentDirect peers
- China Power Clean Energy: Hong Kong-listed renewable energy IPP with wind, solar, and other clean energy assets, primarily in China. Direct peer in renewable IPP operations and listed on the same exchange.
- Beijing Energy International Holding: Hong Kong-listed renewable energy developer and operator with wind and solar assets in China and overseas markets. Closely comparable in geographic diversification strategy and renewable IPP business model.
- CGN New Energy Holdings: Hong Kong-listed renewable energy IPP with wind and solar generation assets across China and internationally. Direct competitor in utility-scale wind/solar development and one of the most comparable Chinese-headquartered renewable IPPs.
- China Tianying Inc. Listed Chinese renewable energy company with wind and solar generation assets. Comparable in generating portfolio mix and listed on HKEX, operating in the same renewable IPP competitive set.
- Huaneng Renewables Corporation: One of China's largest wind power producers and a major renewable IPP. Comparable in wind-heavy generation portfolio and large-scale utility renewables operations (now part of China Huaneng Group).
Broad incumbents
- Acwa Power: Saudi-headquartered global renewable and thermal power developer with growing wind, solar, and storage portfolio across MENA, Africa, and Asia. Comparable in international renewable IPP strategy and emerging-markets focus.
- Concord New Energy vs. EDPR (EDP Renováveis): Global renewable energy IPP with diversified wind and solar portfolio across multiple continents. Comparable in global renewable development strategy and utility-scale generation, but significantly larger and more established.
- CATL (Contemporary Amperex Technology): World's largest battery manufacturer and a major player in grid-scale energy storage systems. Overlaps with CNE's storage manufacturing and competes for AI-driven grid storage and renewable integration customers globally.
Emerging players
- Xinyi Solar Holdings: Major solar glass and solar farm developer with global presence. Overlaps with CNE in the utility-scale solar PV generation segment and competing for similar PPA customers.
- Sungrow Power Supply: China's largest inverter supplier and growing energy storage system provider. Increasingly competing with CNE's SynVista Energy in the storage and energy management software space, with overlap in AI-driven storage optimization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Concord New Energy Group Limited social profiles
Digital presenceConcord New Energy Group Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concord New Energy Group Limited leadership team
Management profileNumber of profiles
Profiles4 records
Concord New Energy Group Limited subsidiaries and ownership
Company hierarchySubsidiaries4 records
Concord New Energy Group Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concord New Energy Group Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concord New Energy Group Limited
What does Concord New Energy Group Limited do?
Concord New Energy Group develops, owns, and operates wind and solar power generation assets with attributable installed capacity of 4,928 MW across more than 20 countries. Beyond generation, it supplies AI-driven energy storage solutions, smart operations and maintenance services, green power and carbon trading, and EPC/consulting services to enterprise customers. Its customer base includes Tesla, OMS Oilfield Singapore, and Bridge Data Centres.
Is Concord New Energy Group Limited a public or private company?
Concord New Energy Group Limited is a public company. It is classified as public and is currently operating.
When was Concord New Energy Group Limited founded?
Concord New Energy Group Limited was founded in 2006. It employs 51 to 100 people.
Where is Concord New Energy Group Limited based?
Concord New Energy Group Limited is headquartered in Singapore, Singapore, in the Asia region.
How does Concord New Energy Group Limited make money?
Five revenue lines are on record. Electricity Generation (Wind & Solar Power Plants) is the primary driver. The others are green Power Trading & REC Sales, carbon Asset Management & Trading, EPC Solutions & Consulting Services and energy Storage Systems & Equipment.
Who are Concord New Energy Group Limited's main competitors?
Direct peers on record are China Power Clean Energy, Beijing Energy International Holding, CGN New Energy Holdings, China Tianying Inc. and Huaneng Renewables Corporation. Broad incumbents are Acwa Power, Concord New Energy vs. EDPR (EDP Renováveis) and CATL (Contemporary Amperex Technology). Emerging players are Xinyi Solar Holdings and Sungrow Power Supply.
Does Concord New Energy Group Limited have an API?
No public API is recorded for Concord New Energy Group Limited.
What industry is Concord New Energy Group Limited in?
Concord New Energy Group Limited's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System), with a secondary code of EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore). Its NAICS code is 221115 and its SIC code is 4911.