Concord New Energy Group Limited (SEG)

Overview

Concord New Energy Group Limited positions itself as a pivotal player in the renewable energy landscape, both within the People's Republic of China and on an international scale. Established in 1997 and initially known as China Windpower Group Limited, the company underwent a significant rebranding to its current name in March 2015, marking a new chapter in its mission towards sustainable energy solutions. With its headquarters in Admiralty, Hong Kong, the company seamlessly integrates various aspects of the renewable energy ecosystem under its umbrella, covering the spectrum from investment and construction to operation and maintenance of renewable power facilities.

Key to its operations is the company's multi-faceted approach towards energy generation, with a strong focus on wind and solar power—areas in which it has amassed considerable capabilities and resources. As of the end of 2022, Concord New Energy Group Limited has made significant strides in expanding its renewable energy portfolio, boasting grid-connected wind and photovoltaic power plants with a total installed capacity of approximately 3,588 megawatts. This capacity is distributed across wind power plants, which contribute the majority with an installed capacity of 3,137 megawatts, and photovoltaic power plants, which add an additional capacity of 451 megawatts.

Its comprehensive scope of services transcends the mere generation of renewable power, extending into the domains of engineering, procurement, construction (EPC), operation, maintenance, and asset management for its wind and solar power facilities. In addition to these core activities, Concord New Energy Group Limited showcases versatility through its involvement in the sale of solar power and new energy equipment, provision of design, technical, and consultancy services, and a range of finance lease and energy internet services, thereby underscoring its integrated role in advancing the renewable energy sector.

Products and Services

Concord New Energy Group Limited distinguishes itself through a comprehensive suite of products and services tailored to meet the needs of the evolving renewable energy market. Below are the primary offerings that underscore its commitment to sustainable energy solutions:

• Power Generation: The cornerstone of the company's operations, focusing on the development, implementation, and management of renewable energy sources, particularly wind and solar power plants. By harnessing natural resources, the company is able to provide clean, sustainable electricity to external power grid companies, contributing to the broader goals of energy security and environmental protection.
• Intelligent Operation and Maintenance (O&M): Leveraging advanced technology and extensive expertise, Concord New Energy Group offers comprehensive operation and maintenance services for wind and solar power plants. This includes routine maintenance, fault diagnosis, and repair, as well as performance optimization to ensure high efficiency and reliability of the power generation facilities.
• Engineering, Procurement, Construction (EPC): Providing end-to-end solutions for renewable energy projects, the company covers all stages from design and engineering to procurement of materials, construction, and commissioning of wind and solar power installations. This integrated service package facilitates the seamless realization of renewable energy projects, from their inception to operational commencement.
• Asset Management: Offering a holistic approach to the management of renewable energy assets, this service encompasses the supervision, operation, maintenance, and enhancement of wind and solar power projects to maximize their performance, longevity, and return on investment.
• Technical and Consultancy Services: Beyond the physical aspects of renewable energy projects, Concord New Energy Group provides vital support through design, electrical engineering, and consultancy services. This includes expertise in the construction of power plant projects, aimed at ensuring optimal design, efficiency, and compliance with relevant standards and regulations.
• Sale of Solar Power and New Energy Equipment: The company also engages in the commercial aspect of the renewable energy sector, selling solar power and a variety of new energy equipment. This not only caters to the immediate needs of the renewable energy market but also promotes the adoption of sustainable energy solutions across different sectors.
• Finance Lease and Energy Internet Services: Understanding the financial challenges inherent in renewable energy projects, Concord New Energy offers tailored finance lease services to facilitate the acquisition of necessary equipment and infrastructure. Additionally, its energy internet services represent a forward-thinking approach to managing and distributing energy resources efficiently, leveraging the internet of things (IoT) and related technologies.