Published: 2:54pm, 1 Aug, 2016 Updated: 2:54pm, 20 Jul, 2018
Hong Kong power company, CLP Holdings, is to reach its renewable energy production goal of 20% by 2020, from 17% this year. The company has been working with the government on a plan for generating enough electricity through wind and solar sources in order to meet that target. CLP is aiming to cut CO2 emissions to a quarter of the 2010 levels. Chief executive Richard Lancaster said the company will continue to grow its solar and wind power operations in mainland China and India. On Monday, CLP posted a 7% rise in net profit to HK$6.13bn ($790m), slightly ahead of the HK$6bn expected by analysts.