Link REIT signs renewable energy MOU for Greater Bay Area
Link Asset Management has signed a memorandum of understanding with CLP Power Hong Kong and its renewable energy subsidiary CLPe to collaborate on energy efficient solutions in Link’s development projects in the China’s Greater Bay Area (GBA).
The Hong Kong real estate investment trust manager currently works with CLP in its home city and will now expand that relationship into the cities of the GBA in Southern China.
The two companies will explore collaboration opportunities such as energy management solutions, the acquisition of sustainability-linked loans, EV charging facilities and replacing diesel generators on construction sites.
In Hong Kong, CLP has installed energy efficient cooling systems in 21 Link REIT shopping arcades and installed solar PV panels at 14 assets.
Link chairman Nicholas Allen said: “This MOU strengthens our shared commitment to a low-carbon, sustainable future. The two companies will collaborate on a variety of energy-saving and electrification initiatives across Link’s diverse portfolio, laying the groundwork for impactful emission reduction and deepening our cooperation.’”