CNE Group’s First Industrial Rooftop Solar Power Plant in Singapore Commences Operation

CNE Group’s first industrial rooftop solar power project in Singapore’s Tuas Industrial Estate successfully connected to the grid on March 2nd. The 2.6MWp installed capacity is expected to generate 3.2GWh of green electricity annually, along with an equivalent amount of Renewable Energy Certificates (RECs). A portion of the generated electricity will be sold to OMS Oilfield Singapore, subsidiary of OMS Energy Technology Group (NASDAQ: OMSE) through a 20-year Power Purchase Agreement (PPA), while the remaining electricity will be traded on the Singapore USEP electricity market. In addition to this project, CNE Group will continue to actively expand its industrial and commercial rooftop solar power projects in Singapore.

OMS Oilfield Service
OMS Oilfield Service is a subsidiary of OMS Energy Technologies Inc. (NASDAQ: OMSE), a Singapore-based manufacturer of surface wellhead systems (SWS), oilfield tubing (OCTG), and specialized connectors. The company specializes in manufacturing and equipment maintenance services for the global energy industry and is committed to reducing its environmental impact through sustainable operating strategies.

Concord New Energy Group (CNE)
Concord New Energy Group (CNE), headquartered in Singapore, is a renewable energy developer and operator listed on both the Hong Kong Stock Exchange and the Singapore Stock Exchange. With twenty years of experience in the renewable energy industry, its business covers wind power, solar PV, and energy storage projects. The Group possesses strong capabilities in project development, investment, construction, and long-term asset management, and currently holds equity-based installed capacity exceeding 5 gigawatts (GW) globally. Concord New Energy is committed to promoting clean energy applications, providing integrated energy solutions, and contributing to sustainable development.