Common Contracts

CLP and Hang Seng Sign Deal for Record Purchase of RE Certificates Cutting 60,000 Tonnes of Carbon Emissions in Ten Years

March 2nd, 2022

• Filed
  March 2nd, 2022

CLP Power Hong Kong Limited (CLP Power) has signed an agreement with Hang Seng Bank (Hang Seng) for the biggest and longest-term purchase of CLP Renewable Energy Certificates (RECs) since the launch of the programme in 2019. Under the agreement, Hang Seng has committed to purchase close to 154 gigawatt hours (GWh) of RECs between 2021 and 2030, equivalent to a reduction of over 60,000 tonnes in carbon emissions associated with electricity1 over a period of 10 years.