CLP Holdings Ltd

00002: XHKG (HKG)
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HK$18.00LgsbcncHnxqzrxj

CLP's Profit on Firmer Footing, but It Continues to Look for Partners in Renewables Push

Business Strategy and Outlook

CLP is in the process of transitioning its integrated power portfolio to be focused on renewable generation and related services. Over the next several years, we expect CLP to continue to sell or retire its coal-fired power plants and add renewable power plants and energy storage units to its portfolio. As of the end of 2023, CLP has an effective installed capacity of around 17 gigawatts. We anticipate that adding renewable plants may lag the exit from the coal-fired plants, so CLP’s generating capacity may shrink before building up.

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