Case studies

Promoting joint efforts to develop the Greater Bay Area and achieve carbon peaking and carbon neutrality goals

With more than 40 years of business development in Mainland China, CLP is playing a vital role in supporting the national “3060” dual carbon goal (i.e. achieving carbon peaking by 2030 and carbon neutrality by 2060). To this end, CLP is actively promoting different forms of partnership in the public and private sectors in the Greater Bay Area and Mainland China, driving collective momentum in energy transition and climate actions.

With the aim of promoting the growth of the regional power industry, CLP hosted the 11^th Guangdong, Hong Kong and Macau Power Industry Summit in Hong Kong from 31 May to 2 June 2023. Themed “Embrace Opportunities in Decarbonisation and the Greater Bay Area”, the summit brought together approximately 80 senior executives from CLP, China Southern Power Grid Co., Ltd., Companhia de Electricidade de Macau - CEM, S.A. and China General Nuclear Power Group. During the three-day summit, the four companies released a Manifesto on enhancing cooperation in areas such as securing power supply, promoting the sustainable development of new energy and energy storage systems, and building a collaborative energy ecosystem in the Greater Bay Area. The manifesto upholds the principles of equality and mutual benefit, and enables CLP to actively explore new forms and areas of cooperation to create a better future for the region.

CLP is also working to power the high-quality development of Mainland China’s green economy. CLP Chief Executive Officer Mr T.K. Chiang pledged his support for the sustainable development of the energy sector in Mainland China at the Fourth Qingdao Multinationals Summit, jointly hosted by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Shandong Province, which took place from 10 to 12 October 2023. This reflects CLP's strategic positioning in Shandong Province where CLP has developed wholly-owned wind farms in Penglai, Laizhou, and Laiwu with a combined capacity of almost 600 MW (including contributions from minority-owned assets) to meet the rising demand for renewable energy in the region.

Governor of Shandong Province Mr Zhou Naixiang (left) with CLP Chief Executive Officer Mr T.K. Chiang.

To showcase CLP’s decarbonisation journey, CLP participated in the 24^th Conference on the Electric Power Supply Industry (CEPSI 2023) from 19 to 23 October in Xiamen, Fujian Province, which brought together around 1,000 power companies across the Asia-Pacific region. Under the theme “Low-Carbon Energy Powering a Green Future", CLP took this opportunity to stage an exhibition promoting its Climate Vision 2050 and introducing its vertically integrated power supply business in Hong Kong and CLP China’s operations in 15 provinces, autonomous regions and municipalities, covering an array of generation sources including wind, solar, hydro, nuclear, and coal as well as its energy storage solutions. The exhibition also highlighted CLPe’s one-stop energy solutions for customers in the commercial and industrial sectors.

CLP Power Managing Director Mr Joseph Law delivers a keynote address titled “CLP Power – Acceleration to Net-Zero” at CEPSI 2023.