HK Stock Market Move | CONCORD NE(00182) surges over 10% again, as the 1GW data center in the United States receives grid connection permit, marking a significant breakthrough in overseas expansion.

CONCORD NE (00182) rose by more than 10%, and as of the press release, it has increased by 9.2%, to 0.475 Hong Kong dollars, with a turnover of 44.9403 million Hong Kong dollars. On the news front, CONCORD NE previously announced that a 1GW capacity data center has completed a large-scale load integration study and obtained grid connection permission granted by ERCOT. The data center is adjacent to the group's existing utility-scale photovoltaic and energy storage projects, which can form a "solar + storage + data center" on-site power supply model. It is reported that by 2025, several photovoltaic projects under the group in the US have signed long-term power purchase agreements with leading global technology companies, and the company has successfully obtained approval for a secondary listing on the main board of the Singapore Exchange, laying the foundation for future overseas financing and business expansion. Guoyuan International previously pointed out that the investment cost per watt of the US project is about 1 US dollar, with a PPA electricity price locked for 15 years; considering the ITC tax deduction, the internal rate of return on capital is about 15%, and the full investment yield is above 10%. In terms of financing structure, project financing can reach a debt ratio of 80%-85% (without the need for company-level guarantees), with only 15%-20% of equity capital required, and debt financing costs of 6%-7%. The components and energy storage batteries supplier are both leading domestic companies, and it is expected that the first US solar storage project will be put into operation in 2027 and contribute profits and cash flow.