Increase in Renewable Energy Adoption
Increasing our On-site Renewable Energy Production
One of our 2025 KPIs is to generate 4-6% of the landlord’s building energy from renewable or clean energy sources in selected new office developments. For Two Taikoo Place, we have installed solar PV panels, a wind turbine and a waste-to-energy tri-generation system that will supply renewable energy equivalent to approximately 6% of the landlord’s building energy.
We continue to explore other ways of increasing on-site renewable energy generation across our portfolio, such as installing solar PV panels on the roofs of existing developments including Pacific Place, Taikoo Place, Citygate, INDIGO, Taikoo Hui Guangzhou, Taikoo Li Chengdu and Taikoo Li Sanlitun.
On-site Renewable Energy Generation*
196,437 kWh
INDIGO
16,392 kWh
Taikoo Hui Guangzhou
75,791 kWh
Taikoo Li Sanlitun
49,104 kWh
One Taikoo Place
11,686 kWh
Dorset House
23,840 kWh
Devon House
15,214 kWh
Cambridge House
Off-site Renewable Electricity Procurement
13,848,693 kWh
Taikoo Li Sanlitun
13,464,896 kWh
INDIGO
11,612,535 kWh
Taikoo Li Chengdu
26,645,907 kWh
Taikoo Hui Guangzhou
6,246,256 kWh
EAST Beijing
1,708,280 kWh
The Opposite House
4,824,450 kWh
The Temple House
Ramping up Renewable Energy in the Chinese Mainland
Renewable energy is an integral part of Swire Properties’ decarbonisation journey. As we strive to meet our SD 2030 targets in a changing world, we are encountering new challenges, such as changing government regulations and limited renewable energy sources that are coming under increased demand from other companies trying to meet their own decarbonisation targets.
To stay on track, we are devising innovative solutions and mitigation measures. These include starting renewable energy procurement processes earlier and exploring investing in our own off-site renewable energy facilities in partnership with utility companies.
We are also continuing to explore and expand the adoption of off-site renewable energy in our existing portfolios. In 2024, we secured nearly 100% renewable electricity for both Taikoo Li Sanlitun and INDIGO. Meanwhile, Taikoo Hui Guangzhou and Taikoo Li Chengdu continued to secure 100% renewable electricity in achieving net-zero carbon in annual electricity consumption for both landlord and tenant operations. This brings our overall mix of renewable electricity in the Chinese Mainland portfolio to approximately 60%.
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