Keppel, HSBC join hands to create decarbonisation solutions

The parties will also explore cooperation on other energy transition opportunities.

Keppel Corporation and HSBC have inked a memorandum of understanding (MoU) to collaborate on decarbonisation solutions.

As partners, Keppel and HSBC will also jointly develop a Strategic Collaboration Framework to “create and capture value brought about by market demand for decarbonisation and sustainability solutions in the Greater Bay Area (GBA) such as Guangzhou, Shenzhen and Hong Kong, and across Asia.”

Keppel will provide its expertise in developing, implementing, and operating sustainable energy and environmental infrastructure, whilst HSBC will provide green financing to accelerate and scale up climate change solutions and channel investments towards sustainable projects.

“We are pleased to partner with HSBC to tailor Energy-as-a-Service offerings, coupled with sustainable financing solutions, to accelerate the greening of the built environment, transportation and waste management, from Hong Kong to the Greater Bay Area and the rest of Asia,” said Cindy Lim, CEO, Infrastructure Division, Keppel.