Hong Kong's Clean Energy Future Will Be Mostly Nuclear [Financial Post (Toronto, Ontario, Canada)]
CLP HOLDINGS LTD S/ADR (CLPHY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Nuclear power will play the largest role in decarbonizing Hong Kong's energy sector because of its reliability, according to the city's top electricity provider. CLP Holdings Ltd. plans to import increasing amounts of clean electricity from mainland China to help Hong Kong meet its goal of making 60%-70% of its energy carbon-free by 2035, Chief Executive Officer T.K. Chiang said in an interview with Bloomberg Television. The majority of that will come from nuclear plants because it's more reliable than intermittent generation from wind and solar farms, he said. “Nuclear power will be more stable and dispatchable,” he said, referring to a plant's ability to adjust generation to meet grid demand. “Renewable energy is intermittent and we would need to have other measures to make sure we have a stable power system.” Atomic energy is seeing a renaiss
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