PVTIME – Concord New Energy Group Limited has confirmed via an official announcement that its wholly-owned US subsidiary has finalised three long-term power purchase agreements with Tesla for solar project assets in the US.
Picture: Concord New Energy
The deals cover three independent solar facilities and encompass a total installed alternating current capacity of 469MW. Once fully operational, the portfolio is expected to provide Tesla with an annual power supply of around 1,200GWh, with the first project scheduled to begin delivering electricity in the first half of 2027.
These agreements allow the group to capitalise on the growing demand for clean energy in the US, which is being driven by nationwide electrification, industrial growth, and the rapid expansion of data centre and artificial intelligence infrastructure. To accommodate sustained growth in power consumption across the industrial and AI technology sectors, Concord New Energy has strategically expanded its US project pipeline. In addition to the three newly contracted schemes, the group holds over 4GW of power generation resources at various stages of development, providing robust reserve capacity to meet growing domestic market demand.
Headquartered in Singapore, Concord New Energy specialises in the investment, operation and technical services of wind, solar and energy storage infrastructure, as well as AI power infrastructure, and provides comprehensive clean energy solutions. The group is committed to facilitating the low-carbon transition of enterprises and communities worldwide through its global sustainable energy development mission.
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