Hong Kong and Shanghai – Hang Lung Properties (SEHK: 00101) announced that 80% of its operating properties in mainland China now run on renewable energy, up from 50%. As of May 1, 2025, three key properties have transitioned entirely to renewable power, making them the first commercial developments in Liaoning province to achieve this distinction.
This marks a major step in Hang Lung’s path toward net-zero emissions by 2050. The company secured wind and solar power through green electricity purchase agreements aligned with China’s renewable energy policy framework. These agreements enable tenants to directly use green energy and contribute to broader carbon reduction goals.
By the end of 2025, Hang Lung expects to procure approximately 320 million kWh of renewable electricity across eight properties, far exceeding its original target of sourcing 25% renewable energy for its mainland portfolio by that year.
The company noted that expressing strong demand for renewable energy in various cities not only accelerates local energy transition, but also supports the development of a greener retail and commercial ecosystem in China.
Commenting on the milestone, the General Manager of Conrad Hotel in Shenyang said the shift to green power at the hotel, located within one of Hang Lung’s mixed-use complexes, aligns well with the hotel’s broader sustainability efforts and guest expectations.
A tenant representative from a law firm echoed the sentiment, praising Hang Lung’s leadership in enabling their office to switch to renewable energy.
Hang Lung reaffirmed its commitment to collaborating with partners to expand the use of clean energy and lead the industry toward sustainable practices while supporting national dual-carbon goals.
