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Concord New Energy agrees to sell two solar project companies for up to USD 29.98 million

By Public Technologies
  • Concord New Energy Group's Red River agreed to sell two solar project companies to Uva Creek Solar Holdings for up to USD 29.98 million.
  • The agreement, dated October 27, 2026, covers 100% stakes in Gail Mountain Solar and Grape Creek Solar; the buyer is NextEra Energy-owned.
  • The companies are developing solar projects in Borden County, Texas, with anticipated capacities of 244 MW and 301 MW, respectively.
  • The sale could generate a maximum unaudited gain of approximately USD 27.97 million, with proceeds earmarked for general working capital.
  • Payments depend on project milestones, with the first expected before December 1, 2026, and the final installment in the second half of 2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Concord New Energy Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261028-12386140), on October 28, 2026, and is solely responsible for the information contained therein.

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