The investment equates to the purchasing of a combined 300,000 kWh of electricity generated by local renewable energy sources, making Citi the current top renewable energy certificate purchaser in the Hong Kong financial sector. These renewable energy resources are either generated or purchased by CLP and HK Electric, and include solar and wind power projects. In 2018, Citi made significant progress on this goal with the contracted amount of renewable energy reaching 62 percent. To accelerate the transition to sourcing 100 percent renewable energy, Citi is considering onsite power generation, power purchase agreements, appropriate use of renewable energy credits, and continuing its focus on energy efficiency. "We are proud to be playing a part in supporting the renewable energy development in Hong Kong.
Source: Viet Nam News May 31, 2019 05:03 UTC