Hang Lung Properties has achieved a major sustainability milestone, increasing the percentage of its operating properties in mainland China powered by renewable energy from 50% to 80%. The additional properties—Forum 66 and Palace 66 in Shenyang, and Olympia 66 in Dalian—are the first commercial developments in Liaoning Province to be fully powered by renewable energy.
The three properties have secured renewable energy from wind and solar sources through power purchase agreements aligned with China’s green energy policy framework. By the end of 2025, Hang Lung is expected to purchase a total of approximately 320 million kWh of renewable energy across eight properties. This achievement surpasses the Company’s sustainability target of 25% renewable energy for its mainland China portfolio in 2025. Hang Lung’s clear demand signal for renewable energy in multiple cities is helping to accelerate the energy transition, empower tenants to advance their own sustainability commitments with direct access to renewable energy, and foster a greener retail and commercial ecosystem in China.