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CLOSE

CLOSE

CLP aims to power the sustainable development of communities in which we operate by providing reliable and affordable electricity to our customers with minimal impact to the environment.

CLOSE

Decarbonisation and digitalisation are at the core of CLP’s business, and sustainability is fully integrated into this strategy.

CLOSE

CLP continually improves by managing, monitoring and reporting its performance.

CLP Sustainability Report 2020 / Case studies

Case studies

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2020

Pursuing business opportunities in the Greater Bay Area 

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) comprises the two Special Administrative Regions of Hong Kong and Macao, and nine municipalities in the Guangdong Province. The GBA covers a total area of 56,000 km2, and at end-2019 the total population was over 72 million with a GDP close to US$1,680 billion.

Developing the GBA is accorded the status of key strategic development area in China’s development blueprint. In view of China’s commitment to achieve carbon neutrality by 2060, this presents opportunities for energy provision as well as smart energy services. CLP is actively pursuing opportunities from marketisation and smart energy development in Mainland China, with initial focus on district cooling, smart energy services, EV charging and data centres.

In November 2020, CLP invested in the new “CSG Energy Innovation Equity Investment Fund” set up by China Southern Power Grid (CSG). The fund focuses on new smart energy and innovation-related opportunities in the GBA. As the sole Hong Kong investor, CLP will collaborate with innovative energy technology developers and contribute its experience from Hong Kong.

In response to "The Outline Development Plan for the GBA" released by the Central Government in 2019, CLP has proactively formulated a strategy to pursue emerging opportunities in the area. In 2020, CLP China formed a new holding company based in the Qianhai free trade zone in Shenzhen. The new holding company is intended to facilitate financing for investments in smart energy and clean energy opportunities.

In close vicinity of the GBA, through TUS-CLP Smart Energy Technology Co. Ltd. (TUS-CLP), CLP’s joint venture with TUS-Holdings which is affiliated to Tsinghua University, CLP participated in building and operating an incremental distribution network (IDN) at the Fangchenggang Hi-Tech Zone. The project started to supply electricity to the Hi-Tech Zone and will serve as a reference case for CLP’s future expansion into similar opportunities in southern China as reform of the electricity sector continues.

CLP Holdings joins China Southern Power Grid (CSG) in investing into the CSG Energy Innovation Equity Investment Fund, which targets innovative energy developments, new energy infrastructure, and smart energy in the Guangdong-Hong Kong-Macao Greater Bay Area.

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