On June 6, ESR Group announced that CLP Power Hong Kong and CLPe Group have signed a memorandum of understanding (MoU) with ESR HK, a 100% owned subsidiary of ESR Cayman and part of the ESR Group, to develop sustainable data centres and logistics centres in Hong Kong and the Greater Bay Area (GBA), supporting Hong Kong and the GBA to achieve their carbon neutrality goals.
Under the MoU, CLP Power and CLPe will leverage their energy and infrastructure solutions expertise to assist ESR in creating sustainable data and logistics centres projects, covering design, construction, and operational aspects.
CLP Power will provide one-stop solution and support measures on energy management for ESR, such as energy audits, Eco Building Fund and Electrical Equipment Upgrade Scheme, to improve the energy and carbon efficiency of its data centre and logistics projects in Hong Kong. By participating in CLP Renewable Energy Certificate Scheme, ESR can further reduce the carbon emissions of its projects in Hong Kong. To bring the collaboration one-step further, CLPe will work with ESR to explore energy management solutions for its development projects in Hong Kong and the GBA, contributing to achieve carbon neutrality.
The collaboration among CLP Power, CLPe and ESR will help ESR in mapping out its green initiatives for projects in Hong Kong, setting out metrics that can potentially be used for green financing, such as sustainability-linked loans. The synergies arising from the collaboration will enable CLP and ESR to capture the opportunities in the GBA while creating positive, long-term value for stakeholders, the ESR announcement says.
CLP Power is a unit of CLP Holdings, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to more than six million people in its supply area.
