CLP to supply solar power to Shui On’s Nanjing commercial, office complex

This is CLP’s first medium to long-term deal in Mainland China.

CLP Group entered a 10-year power purchase agreement with Shui On Xintiandi to supply solar energy to the commercial and office complex Nanjing International Finance Center starting on 1 January 2024.

In a statement, CLP said the green power will be generated for its Jiangsu Yangzhou Gongdao Solar Power Station. The agreement, the first medium to long-term deal CLP signed in Mainland China will reduce the annual carbon emissions of the complex by around 21,000 tonnes.

Another Shui On property, Nanjing Baizting, will also rely only on renewable energy once its construction is completed.

ALSO READ: CLP, HKE receive approval for 2024-28 development plans

This is the first phase of the strategic partnership signed by CLP and Shui On to support China’s carbon peak emissions target by 2030 and carbon neutrality by 2060.

CLP added that the green partnership will start in Shanghai and Jiangsu province region before expanding cooperation in other areas such as the supply and purchase of green energy and environmental, social and governance initiatives.