Potential offtaker

HK Electric Investments (HKEI)

www.hkei.hk

Estimated electricity consumption

N/A

Countries of production presence

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HK Electric Investments (HKEI) is a leading electric transmission and distribution company based in Hong Kong. The company is committed to providing reliable and sustainable energy solutions to its customers while also contributing to the decarbonisation of the energy sector.

HKEI is a subsidiary of HK Electric Investments Limited, which is a publicly listed company on the Hong Kong Stock Exchange. The company has a strong track record of delivering high-quality services to its customers and has been a key player in the energy sector in Hong Kong for over 120 years.

One of the key focus areas for HKEI is decarbonisation. The company recognises the urgent need to reduce greenhouse gas emissions and transition towards a low-carbon economy. To this end, HKEI has set ambitious targets to reduce its carbon footprint and increase the use of renewable energy sources.

HKEI has made significant investments in renewable energy in recent years. The company has a portfolio of renewable energy projects, including wind, solar, and hydroelectric power. These projects have helped to increase the share of renewable energy in HKEI's energy mix and reduce its reliance on fossil fuels.

In addition to investing in renewable energy, HKEI is also exploring new technologies and innovative solutions to support decarbonisation. The company is working on a number of initiatives, such as energy storage, smart grids, and electric vehicle charging infrastructure, to enable the integration of renewable energy sources into the grid.

HKEI is also committed to supporting corporate energy customers in their decarbonisation efforts. The company offers a range of solutions, including corporate power purchase agreements (PPAs), to help businesses transition to renewable energy sources. Corporate PPAs allow businesses to purchase renewable energy directly from HKEI, providing a reliable and cost-effective way to reduce their carbon footprint.

HKEI has already signed several corporate PPAs with major companies in Hong Kong, including Swire Properties and CLP Power Hong Kong. These agreements have helped to accelerate the adoption of renewable energy in the corporate sector and demonstrate HKEI's commitment to supporting its customers' sustainability goals.

In addition to its focus on decarbonisation, HKEI is also committed to delivering reliable and high-quality energy services to its customers. The company operates a modern and efficient transmission and distribution network, which ensures that electricity is delivered safely and reliably to homes and businesses across Hong Kong.

HKEI has also implemented a number of initiatives to improve energy efficiency and reduce energy consumption. The company has launched a range of energy-saving programmes, such as the Smart Power Campaign, which encourages customers to adopt energy-efficient practices and technologies.

Overall, HKEI is a leading player in the energy sector in Hong Kong, with a strong commitment to decarbonisation and sustainability. The company's investments in renewable energy and innovative solutions, as well as its support for corporate customers, demonstrate its leadership in driving the transition towards a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment