CLP units in pact with Link

CLP (0002) subsidiaries CLP Power Hong Kong and CLPe have signed a memorandum of understanding with Link Real Estate Investment Trust (0823) on enhancing building efficiency in the Greater Bay Area.

CLP Power and Link REIT will also explore collaborative initiatives including the implementation of energy management solutions at Link premises and the potential acquisition of sustainability-linked loans from financial institutions.

CLP Power will also provide technical support to Link, for electric vehicle charging systems and will consider a battery energy storage system to replace diesel generators at Link construction sites to reduce carbon emissions.

Furthermore, CLPe and Link will collaborate in the GBA to develop one-stop energy solutions, covering areas such as solar power, EV charging, and smart energy management at Link's premises in mainland cities.