CLP Holdings Ltd
00002: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| pg | LOCK|RnW? | LOCK|R@s<wph |
CLP to Benefit From Increased Power Demand, Boosts Noncarbon Portfolio
Business Strategy and Outlook
CLP is in the process of transitioning its integrated power portfolio to be focused on renewable generation and related services. Over the next several years, we expect CLP to continue to sell or retire its coal-fired power plants and add renewable power plants and energy storage units to its portfolio. As of the end of 2024, CLP has more than 22 gigawatts in installed capacity. It plans to double its noncarbon capacity in China and India by 2029, which should help mitigate the shutdown and sales of its fossil fuel power plants.
