Hong Kong

Since 2020, it has increased its gas-fired power generation proportion to around 50% to make up for the coal-fired generation to be phased out.

The new rates took effect on 27 April.

The loan was the first ESG-linked facility in the Japanese financial market.

The company has lined up three new projects in the city.

CLP Power Hong Kong Limited (“CLP Power”) has won five top prizes in the Asian Power Awards 2021, known as the Oscars of the Asia-Pacific energy industry. The  awards were presented for two environmentally-sensitive infrastructure projects in Hong Kong – the new gas-fired generation unit D1 (Unit D1) at Black Point Power Station, and the Ma Sik Road 132 kV substation in Fanling. ​

The city is now implementing several abatement measures as it aims to be carbon neutral by 2050.

The facility will be used for a electricity generation project in rural Myanmar.

It secured utility-like projects in Myanmar and Sri Lanka over a few months.

It is exploring opportunities in the Greater Bay Area and India.

The company has set up a JV with CNTIC.

CLP Power Hong Kong and HK Electric are building an offshore LNG terminal and have introduced feed-in tariff schemes that are gaining interest.

A floating regasification vessel with 8.3bcm capacity in the works.

It aims to use 100% renewable energy across its 7,500 facilities by 2020.

Governments around the world are putting policies in place to curb carbon emissions in line with the Paris Agreement on climate change. With a significant proportion of the urban population spending much of their time in commercial buildings, the onus is on the real estate industry to provide sustainable properties that will mitigate negative environment impacts. Many countries in the Asia Pacific region are implementing aggressive measures to address environment challenges such as rising carbon emissions, which is spurring the introduction of incentives to construct green buildings. Hong Kong is no different; it continues to make strides to protect its world class status through its sustainable development as a ‘smart city.’

It aids in understanding related Feed-in Tariff application procedures.

Damages were ‘more severe than expected’.