2023-02-15
Going Greener with Renewable Energy Certificates
Hong Kong Air Cargo Terminals Limited (Hactl) has signed an agreement to purchase Renewable Energy Certificates (RECs) from CLP Power Hong Kong Limited (CLP Power) equating to 45.9-gigawatt hours of power generated from renewable energy sources, which marks the largest deal to date in the airport community. Each unit of electricity in a REC represents the environmental attributes of electricity that are either generated or purchased by CLP Power from local renewable energy sources including solar power, wind power and landfill gas projects.
The move demonstrates the latest step in Hactl’s Green Terminal sustainability programme, in which the company already installed a giant solar farm on its terminal roof, and has taken many other measures to reduce its energy consumption. The terminal is committed to investing in new ways to support the government’s vision of zero-carbon emissions under its Climate Action Plan 2050. Until further technologies are available and mature, the purchase of RECs provides the company with an immediate and highly-effective method of supporting the generation and use of clean energy.
The six-year agreement is equivalent to a total reduction of around 18,000 tonnes of carbon emissions associated with electricity (based on the carbon intensity of the electricity sold by CLP Power in Hong Kong in 2021). With its purchase of RECs, Hactl reduces its carbon footprint, demonstrating Hactl’s continued commitment to renewable energy and decarbonisation by 2050.
The move demonstrates the latest step in Hactl’s Green Terminal sustainability programme, in which the company already installed a giant solar farm on its terminal roof, and has taken many other measures to reduce its energy consumption. The terminal is committed to investing in new ways to support the government’s vision of zero-carbon emissions under its Climate Action Plan 2050. Until further technologies are available and mature, the purchase of RECs provides the company with an immediate and highly-effective method of supporting the generation and use of clean energy.
The six-year agreement is equivalent to a total reduction of around 18,000 tonnes of carbon emissions associated with electricity (based on the carbon intensity of the electricity sold by CLP Power in Hong Kong in 2021). With its purchase of RECs, Hactl reduces its carbon footprint, demonstrating Hactl’s continued commitment to renewable energy and decarbonisation by 2050.
Hactl Executive Director and Chief Financial Officer Ms Amy LAM (left) and CLP Power Senior Director of Customer Success and Experience Ms Lena LOW
Hactl’s solar system is one of the first large-scale, grid-connected projects in support of CLP Power’s renewable energy Feed-in-Tariff (FiT) Scheme
on Hong Kong’s airport island