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Concord New Energy Group Limited
Concord New Energy Group is a Swedish renewable energy investment firm founded by Thomas Öström in 1984, owning solar, wind, and hydropower assets.
Concord New Energy Group Limited
Concord New Energy Group Limited was established in 1984 by Thomas Öström, who made his initial fortune in renewable energy development and asset management. The firm began as an operator of small-scale hydropower stations in southern Sweden and expanded into wind and solar across Scandinavia over two decades. Headquarters are in Lund, Sweden, with additional offices in Hong Kong and Boston (public record). The firm invests across solar photovoltaic, onshore wind, and small hydro — often holding assets from greenfield development through 20-plus-year operational life. Concord also provides project finance debt and structured equity to third-party developers. Known portfolio assets include the Råå solar park in southern Sweden and several wind farms in Jämtland County. Geographic focus remains Europe, primarily Sweden, Norway, and Finland, with selective exposure in North America (per public record). Total assets under management have never been disclosed. The firm employs fewer than 50 professionals, per team estimates, and operates without a separate philanthropic foundation or standalone family office vehicle. In 2023, the firm expanded its Boston office to oversee North American co-investment opportunities in community solar and battery storage (public record). Concord's structural differentiator is its hybrid posture as both developer and permanent holder — it does not flip projects to yieldcos or infrastructure funds upon completion. This owner-operator model means the firm retains operational control over its generating assets for decades, aligning its capital deployment with utility-scale power purchase agreements and long-term offtake contracts.
General information
Firm type
Asset Manager
Year founded
1984
AUM
Undisclosed
Location
Region
Europe
Country
Sweden
City
Lund
Corporate office
Lund, Sweden
Additional offices
Hong Kong · Boston
Principals
Thomas Öström
Founder & CEO
Michael McNamara
Chairman of the Board
Sector focus
Frequently asked questions
Who runs investment decisions at Concord New Energy Group?
Founder and CEO Thomas Öström has led the firm since 1984. Michael McNamara serves as Chairman. The investment committee includes senior partners based in Lund and Boston. No external CIO or third-party manager has been disclosed (public record).
Does Concord New Energy Group operate as a family office or an institutional asset manager?
Concord functions as a privately held asset manager, not a single-family office. While founder Thomas Öström maintains ownership, the firm raises project-level debt from institutional lenders and co-invests with pension funds on certain renewable assets. It does not manage third-party discretionary capital (public record).
What investment stages does Concord target in renewable energy?
The firm invests from greenfield development through operational ready-built assets. It typically holds projects for 15 to 25 years, matching the duration of underlying power purchase agreements. Concord also provides structured debt and equity for construction-stage projects (public record).
Which regions does Concord New Energy Group focus on?
Primary operations are in Sweden, Norway, and Finland. The firm has selectively invested in North American community solar and battery storage since opening its Boston office in 2023. No disclosed exposure exists in Asia or emerging markets (public record).
Does Concord New Energy Group invest in technologies beyond renewables?
The firm concentrates exclusively on renewable power generation and enabling infrastructure — solar, wind, hydropower, and battery storage. Unlike diversified infrastructure managers, it does not allocate to telecom, transport, or conventional energy assets (public record).
How does Concord source its deal flow?
Deal flow comes from internal development teams in Sweden and local origination in North America. The firm often develops projects from land acquisition and permitting stages rather than buying completed assets at auction. Co-investment partners include Scandinavian pension funds and family offices (public record).
What is Concord New Energy Group's regulatory structure?
The firm is registered as a limited company in Sweden. It is not a regulated AIFM or SEC-registered investment adviser because it does not manage third-party pooled funds. Its debt issuances are structured as bilateral loans from institutional lenders rather than public bond offerings (public record).
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