CG/ CRC-IB Advises Concord New Energy on $400 Million Solar and Storage Financing
CG/ CRC-IB has advised Concord New Energy Group Limited (“CNE”, Singapore Exchange: SEG.SG; Hong Kong Stock Exchange: 0182.HK), a global clean energy and digital infrastructure developer and operator, on the closing of $400 million in financing for Project Chisme, their inaugural utility-scale power project in the United States.
Financing for the 215 MW solar project and 147 MW / 358 MWh battery energy storage system (BESS) located in Texas includes $310 million of debt and letter of credit facilities, as well as $90 million of preferred equity financing.
CG/ CRC-IB served as exclusive financial advisor on the transaction. The financing advances CNE’s U.S. clean energy strategy and highlights CG/ CRC-IB’s ability to connect international developers with institutional capital to support their U.S. growth ambitions.
For more information on this transaction, please contact Michael Tatarsky.
About Concord New Energy
Concord New Energy Group Limited (SGX: SEG; HKEX: 0182) is a leading developer and operator of renewable power, energy storage, and digital infrastructure projects globally. Headquartered in Singapore, the Group owns more than 5 GW of operating assets and has always adhered to the mission of promoting the globalization of sustainable energy and infrastructure. For more information, visit https://www.concordnewenergy.com.
About CG/ CRC-IB
CG/ CRC-IB is a full-service investment bank providing industry-leading financial services across the energy transition. In January 2026, CRC-IB was acquired by Canaccord Genuity Group to deliver M&A, project finance, capital raising, and strategic advisory services to public and private companies and financial sponsors across the renewable energy, commercial, and industrial sectors, leveraging Canaccord Genuity’s globally integrated M&A advisory and ECM-driven capital markets capabilities. Canaccord Genuity Capital Markets is the global capital markets division of Canaccord Genuity Group Inc. (TSX: CF), offering institutional and corporate clients idea-driven investment banking, mergers and acquisitions (M&A), research, sales and trading services with capabilities in North America, the UK & Europe, Asia, and Australia. We are committed to providing value-driven services to our clients throughout the entire lifecycle of their business and operating with high standards of excellence as an independent investment bank – expansive in resources and reach, but targeted in industry expertise, market focus and individual client attention. We are driven by your success. For more information, visit www.crc-ib.com and connect with us on LinkedIn.
