Business Daily Media

Men's Weekly

.

CLP, BASF, and Envision Energy Sign Long-Term Power Purchase Agreement to Provide 100% Renewable Energy at BASF’s Manufacturing Sites in Jiangsu Province

NANJING, CHINA - Media OutReach Newswire - 10 October 2024 - CLP China (CLP), BASF, and Envision Energy signed a 10-year power purchase agreement to support BASF's adoption of 100% renewable energy at its manufacturing sites in Nanjing, Rudong, and Zhenjiang in Jiangsu province.

The agreement will contribute to BASF's corporate goal of achieving net-zero carbon emissions by 2050 and accelerate the low-carbon energy transformation of Jiangsu.

CLP, BASF, and Envision Energy sign a 10-year power purchase agreement to provide 100% renewable energy to BASF’s three manufacturing sites in Jiangsu province
CLP, BASF, and Envision Energy sign a 10-year power purchase agreement to provide 100% renewable energy to BASF’s three manufacturing sites in Jiangsu province

The three companies reached the agreement under the renewable energy trading rules in Jiangsu province and have adopted an innovative sleeved long-term power purchase agreement (PPA) model. CLP, as a green power supplier in this cooperation, will provide renewable energy to BASF's three manufacturing sites in Jiangsu from its solar projects in Wuxi, Huai'an, and Yangzhou within the province.

CLP Holdings Managing Director – China Mr Roger Chen said, "CLP is honoured to cooperate with BASF and Envision Energy in the fields of renewable energy and green electricity, and to support the leading chemical company BASF in achieving its net-zero carbon emissions goal. As one of the largest external investors in the energy sector in Mainland China, CLP focuses on developing clean and renewable energy, and providing green energy solutions to corporate customers. We look forward to working with more companies and contributing further to Jiangsu's low-carbon energy transformation."

BASF Senior Vice President, Operations & Site Management Greater China Mr Jan Peter Bredehoeft said, "The rapid development of China's renewable energy market provides a foundation to support us in increasing the use of renewable energy. Today, our three manufacturing sites in Jiangsu province will complete the signing of a 10-year renewable power purchase agreement, enabling carbon emissions reduction in our operations. This will also allow us to launch products with reduced carbon footprint, and support our downstream customers' green transformation."

Envision Energy, a global leader in green technology, will serve as the power retailer in this cooperation, helping achieve green electricity settlement between power generators and users. Dr Dipeng Chen, head of Envision Energy's power market said, "As the load management and balance service provider in this sleeved long-term PPA, Envision Energy will fully leverage the resource adjustment and custodial operating capabilities of the company to help power generation companies and power users reduce market risks. We are excited to partner with BASF and CLP to promote the development of renewable energy through this innovative business model."

CLP’s Yangzhou Gongdao Solar Power Station in Jiangsu province
CLP’s Yangzhou Gongdao Solar Power Station in Jiangsu province

CLP is one of the largest investor-owned power businesses in Asia-Pacific and has entered Mainland China's power market since 1979. It invested in the Daya Bay Nuclear Power Station, the nation's first commercial nuclear power station, in 1985 and has participated in its operations since then. CLP currently has more than 50 power generation projects in 15 provinces, autonomous regions, and municipalities, and non-carbon assets account for around 70% of its total capacity in Mainland China.

CLP began investing in Jiangsu in 2014 with the Sihong solar power project and continues to invest in renewable energy projects in the province. Its Jiangsu operations focus on solar and wind power projects while exploring new businesses, including energy storage and virtual power plants, in support of the nation's dual carbon goals and to help customers achieve their sustainability goals.
Hashtag: #CLP

The issuer is solely responsible for the content of this announcement.

About CLP Group

The CLP Group is one of the largest investor-owned power businesses in Asia Pacific with investments across Hong Kong, Mainland China, Australia and India. Hong Kong-listed CLP Holdings Limited is the holding company for the CLP Group, which has a diversified portfolio of generating assets that uses a wide range of fuels including coal, gas, nuclear and renewable sources.

Through CLP Power Hong Kong Limited, the Group operates a vertically integrated electricity supply business that provides a highly reliable supply of electricity to 80% of Hong Kong's population. The CLP Group is one of the largest external investors in the energy sector in Mainland China. The Group's wholly-owned subsidiary EnergyAustralia is a leading integrated energy company in Australia, providing gas and electricity to about 2.42 million households and businesses. Apraava Energy, in which CLP has a 50% interest, is one of India's biggest renewable energy producers with operations in power generation and transmission.

CLP Holdings is included in the Global Dow – an index of the world's leading blue-chip companies, in addition to sustainability-focused indices including the Dow Jones Sustainability Asia Pacific Index (DJSI Asia Pacific), the Hang Seng Corporate Sustainability Index Series and the FTSE4Good Index series.

CLP China website: www.clp.com.cn

News from Asia

Rhenus 4PL Solutions Brings Digital Logistics Expertise Support To The Circular Economy Initiative Of Looper Textile Co. And REMONDIS

Circular textiles at industrial scale: Looper Textile Co. collects, sorts and processes up to 150 million garments annually for reuse and recycling. Digital coordination by Rhenus...

ISCA and SHICPA Sign MOU to Strengthen Support for Accountancy Professionals and Firms in Shanghai

SINGAPORE - Media OutReach Newswire - 8 July 2025 - The Institute of Singapore Chartered Accountants (ISCA) and the Shanghai Institute of Certified Public Accountants (SHICPA) have signed a Memora...

Proscenic Launches Major Prime Day 2025 Sale with Up to 40% Off Best-Selling Vacuums Starting at €89

SHENZHEN, CHINA - Media OutReach Newswire - 8 July 2025 - Smart home innovator Proscenic is kicking off Prime Day 2025 with one of its biggest sales yet, offering up to 40% off its top-rated vacuu...

Arrow Electronics Launches Engineering Solutions Center to Support Tech Innovation Across India and Southeast Asia

BANGALORE, INDIA - Media OutReach Newswire - 9 July 2025 - Arrow Electronics, a global provider of technology solutions, today announced the launch of its new Engineering Solutions Center(ESC) in ...

XIXILI Introduces Jelly Padded Bras: A Game-Changer in Everyday Comfort

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 9 July 2025 - Renowned for empowering women through inclusivity and thoughtful design, XIXILI announces the arrival of its latest bra collection:...

Jurassic World: The Experience Roars Into Bangkok - 8 August 2025 At Asiatique The Riverfront Destination

BANGKOK, THAILAND - Media OutReach Newswire - 9 July 2025 - Asset World Corporation (AWC), Thailand's leading integrated lifestyle real estate group, together with NEON and Universal Destinations ...

Health2Sync and Novo Nordisk Pharma Korea, Ltd. Launch Smart Cap Mallya® for FlexTouch® Insulin Pens Integration in South Korea, Enhancing insulin administration via Digital Diabetes Care

SEOUL, SOUTH KOREA - Media OutReach Newswire - 9 July 2025 - Health2Sync, Asia's leading digital chronic disease management platform, announced the successful integration of Smart Cap Mallya® for ...

E-commerce Platform Wildberries Pilots Its Own Taxi Service

MINSK, BELARUS - Media OutReach Newswire - 9 July 2025 - Wildberries, a leading e-commerce platform in Eurasia, has begun testing its own ride-hailing service in Belarus. The company expects the n...

DYXnet Awarded ISO/IEC 42001 AI Management System Certification by SGS

Leading the New Era of AI in Hong Kong's Telecommunications Industry HONG KONG SAR - Media OutReach Newswire - 9 July 2025 - DYXnet, a wholly-owned subsidiary of VNET Group, Inc...

Prince Foundation Extends Support for Children’s Healthcare in Cambodia Through Cambodia Kantha Bopha Foundation, Reflecting Commitment Guided by Neak Oknha Chen Zhi

PHNOM PENH, CAMBODIA - Media OutReach Newswire - 9 July 2025 - Prince Foundation, the philanthropic arm of Prince Holding Group under the leadership of Neak Oknha Chen Zhi, has reaffirmed its ong...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy