Governor of Shandong province visits CLP to discuss opportunities for clean energy investment

Governor of Shandong Province, Zhou Naixiang, led a delegation of provincial officials on a visit to CLP Holdings Limited's (CLP) headquarters on 30 May. The delegation had an in-depth exchange with CLP Holdings Chief Executive Officer Richard Lancaster and CLP Holdings Managing Director- China. Joseph Law on CLP's clean energy development and future investment opportunities in Shandong. Mayor of Jinan Yu Haitian, Director of the Taiwan, Hong Kong, and Macao Affairs Office of Shandong Province Zhang Liansan, Director of Development and Reform Commission of Shandong Province Sun Aijun, Director General of Science and Technology Department of Shandong Province Sun Haisheng, Director General of Industry and Information Technology Department of Shandong Province Zhang Haibo, Director General of the Commerce Department of Shandong Province Chen Fei and Mayor of Yantai Zheng Deyan also joined the visit.

CLP entered Mainland China's power market in 1979 and has become the largest external investor in the energy sector on the Mainland, with investments in more than 50 power generation projects across 15 provinces, autonomous regions and municipalities. In line with the nation's 3060 dual carbon strategy, CLP has in recent years focused on developing clean and low-carbon energy, and its installed capacity of zero-carbon energy currently accounts for almost 70% of its total generation capacity in Mainland China. In Shandong, CLP has established wholly-owned wind farms with a combined output of approximately 600 megawatts in Penglai, Laizhou, and Laiwu, accelerating the province's green energy development.

Governor of Shandong Province Zhou Naixiang said, "CLP is a power company with a history of more than a century. It entered the Mainland China market at the beginning of China's reform and opening up. It began investing in Shandong's power industry in 1997, making a great contribution to the energy sector and to Shandong's economic and social development." Zhou added that he hoped CLP would develop more new energy and energy storage projects in Shandong to strengthen the cooperation between the province and Hong Kong. The People's Government of Shandong Province will fully support CLP to invest in the province's new energy development.

CLP Holdings Chief Executive Officer Richard Lancaster remarked, "As a major economic province, Shandong has abundant resources and provides an excellent business environment. Looking ahead, CLP will expand investments and explore cooperation opportunities in Shandong, focusing on clean energy projects as it moves towards energy transition and a greener future."

Caring for the community has always been the core value of CLP. Over the years, CLP has supported communities in the vicinity of its assets through various initiatives in environmental protection, education, cultural preservation, and community building. In Shandong, CLP has improved the living environment and facilities of villages and communities around its power plants, made donations to schools, and organized volunteers to knit clothing items like scarves and hats to bring warmth and care to children and elderly people in need. Last year, approximately 20,000 people in Penglai, Laiwu, and Laizhou benefitted from CLP's community initiatives in Shandong.