Hactl CLP Renewable Energy Certificates deal sets record

posted on 9th September 2022 by Eddie Saunders
Hactl CLP Renewable Energy Certificates deal sets record

Hong Kong Air Cargo Terminals Limited (Hactl) – Hong Kong’s largest independent handler – 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.

The move is the latest step in Hactl’s Green Terminal sustainability programme.

The agreement covers six years commencing in August 2022, and will be 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). Hactl has become the largest purchaser of CLP RECs 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.

With its purchase of RECs, Hactl reduces its carbon footprint, demonstrating Hactl’s continued commitment to renewable energy.

CLP Power Senior Director of Customer Success and Experience Ms Lena Low said, “We are delighted that our Renewable Energy Certificate programme helps Hactl achieve its decarbonisation goals, and this partnership has set an example for the aviation sector on how to contribute to local renewable energy development in a cost-effective way.

“We will continue to assist our business customers to accelerate their transition to a low-carbon and sustainable future.”

Adds Hactl Executive Director and Chief Financial Officer Ms Amy Lam: “Hactl is committed to reducing its carbon footprint as part of the Green Terminal programme, and shares the government’s goal of zero-carbon emissions under its Climate Action Plan 2050.

“We have already installed a giant solar farm on our terminal roof, and taken many other measures to reduce our overall power consumption.

“We continue to invest in new ways to support our aims but, while we wait for further new technology to become available to us, the purchase of CLP Renewable Energy Certificates provides us with an immediate and highly-effective method of supporting the generation and use of clean energy.”