Forum
66,
Palace
66,
and
Olympia
66
are
the
first
commercial
developments
in
Liaoning
Province
to
adopt
green
energy
“This
transaction
marks
a
major
step
towards
realizing
Hang
Lung’s
2050
net
zero
goal.
With
these
latest
pioneering
renewable
energy
projects
in
mainland
China,
we
are
proud
to
continue
leading
this
journey,”
said
Mr.
Adriel
Chan,
Chair
of
Hang
Lung
Properties
and
Chair
of
the
Sustainability
Steering
Committee.
“We
will
continue
to
pioneer
renewable
energy
initiatives,
support
the
sustainability
targets
of
our
partners,
and
inspire
others
to
accelerate
their
decarbonization
efforts
in
line
with
China’s
dual
carbon
ambitions.”
The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China’s green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company’s sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung’s clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China.
At Forum 66 in Shenyang, the Green Power Purchase Agreement was signed by (from left) Mr. Arthur Wong, Deputy General Manager – Mainland Business Operation of Hang Lung Properties, Mr. John Haffner, Deputy Director – Sustainability of Hang Lung Properties, Mr. Jinzeng Yu, Deputy General Manager of Northeast Region of China Resources Power, and Ms. Airong Yang, General Manager of China Resources (Liaoning) Electric Power Sales Co., Ltd
“As a leading luxury hotel, we work to ingrain sustainability in all aspects of our operations,” said Mr. Erich Kaiserseder, General Manager, Conrad Shenyang. “It is great news for us and for our guests that Hang Lung has procured renewable energy for its Liaoning properties, including all the electricity for our hotel in Forum 66.”
“Tenants and landlords need to work together to advance common sustainability goals,” said Ms. Xuan Liu, Director, Dacheng Shenyang Law Firm. “We are very happy that our office space at Forum 66 is now powered by green electricity thanks to Hang Lung’s initiative in the market.”
Located in Shenyang, capital of Liaoning Province, Forum 66 is a mixed-use development comprising a world-class shopping mall, Grade A office tower and the 5-star Conrad Shenyang on Qingnian Da Jie, also known as the “Golden Corridor”, while Palace 66 caters to young and trendy consumers as an aspirational retail and lifestyle destination. Olympia 66 in Dalian is the epicentre of luxury retail and lifestyle destination.
Appendix:
Hang Lung’s Renewable Energy Chronology:
-
December
2021:
Spring
City
66
in
Kunming
is
Hang
Lung’s
first
property
and
the
first
commercial
complex
in
Yunnan
Province
to
be
powered
by
renewable
energy.
- January 2023: Parc 66 in Jinan is the first commercial property in Jinan and Shandong Province to be powered by renewable energy.
-
April
2024:
Plaza
66
and
Grand
Gateway
66
in
Shanghai,
and
Center
66
in
Wuxi
build
on
the
successes
in
Kunming
and
Jinan
and
are
also
powered
by
renewable
energy.
- May 2025: Forum 66 and Palace 66 in Shenyang, as well as Olympia 66 in Dalian, are the first commercial complexes in Liaoning Province to be powered by renewable energy. Altogether, eight out of ten of Hang Lung’s Mainland operating properties are now powered by renewable energy.*
|
Property |
Minimum
Green
Electricity
Under
Bundled
Power
Purchase
Agreement |
Maximum
Unbundled
Green
Electricity
Certificate |
|
Spring
City
66,
Kunming |
100% |
0% |
|
Parc
66,
Jinan |
100% |
0% |
|
Center
66,
Wuxi |
98% |
2% |
|
Grand
Gateway
66,
Shanghai |
95% |
5% |
|
Plaza
66,
Shanghai |
95% |
5% |
|
Forum
66,
Shenyang |
95% |
5% |
|
Palace
66,
Shenyang |
95% |
5% |
|
Olympia
66,
Dalian |
95% |
5% |
Hashtag: #HangLung #Forum66 #Palace66 #Olympia66
The issuer is solely responsible for the content of this announcement.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate