Solar panels recently installed at an HSBC data centre in Hong Kong could cut carbon emissions by 108,000kg a year as part of the bank’s climate strategy.
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Designed, built and operated by a Hong Kong company, the solar panels can generate about 221,000kWh of electricity annually – enough energy to power 54 homes. It will also generate revenue for HSBC. The panels on the 2,300m2 rooftop area are connected to the grid, enabling HSBC to generate revenue via a feed-in tariff.
Luanne Lim, Chief Operating Officer, HSBC Hong Kong, said: “Businesses can play a key role in tackling climate change, including the decisions we make about our premises. We look forward to replicating this success in Tseung Kwan O across our facilities in Hong Kong.”
A greener tomorrow
HSBC is committed to using 100 per cent renewable electricity by 2030. By the end of 2019, we had reached 29.4 per cent. We are a member of the RE100 global initiative, which brings together major businesses aiming to switch to renewable energy.
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Dr Saud Al Shidhani, General Manager and Chief Operating Officer of HSBC Oman, said: “With this significant sustainability investment, we have become the first bank and one of the first large corporates in the Sultanate of Oman to utilise solar energy on this scale.”