CLP Power, CLPe and Gaw Capital form partnership
Investors - JUNE 6, 2024

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CLP Power, CLPe and Gaw Capital form partnership

by Released

CLP Power Hong Kong Ltd. (CLP Power), CLPe and real estate private equity firm Gaw Capital Partners have signed a memorandum of understanding (MoU) to strengthen cooperation in energy conservation and carbon reduction. The parties will explore the implementation of energy management solutions in Gaw Capital's premises, aiming to enhance energy efficiency and drive sustainable development.

CLP Power has in recent years conducted a series of energy audits on more than 20 community malls operated by People's Place under the management of Gaw Capital and made suggestions for energy efficiency improvements. Those suggestions were used as sustainability performance targets for Gaw Capital's application for a sustainability-linked loan (SLL). Energy-saving improvement projects have been carried out, and solar power generation systems were installed in the malls to conserve energy and reduce emissions with the support of CLP Power's Eco-Building Fund and Feed-in Tariff Scheme.

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