HONG KONG SAR - Media OutReach - 3 December 2020 - NEFIN,leading solar developer and investor in carbon neutrality solutions, and AllianceConstruction Materials Limited ("Alliance"), a joint venture of CKInfrastructure Holdings Limited ("CKI") and HeidelbergCementGroup providing concrete and aggregates total solutions are proud to announcethe successful completion of the solar power projects in two of Alliance's concretebatching plants in Tsing Yi and Yuen Long. The systems will generate 76,170 kWhelectricity annually. From December, the electricity output will be able tooffset a total of 39 tonnes CO2 per year, similar to planting extra 647 trees forHong Kong.
As the trusted partner for developers, contractors and otherprofessionals in the construction industry, Alliance provides concrete andaggregates solutions to support diverse range of construction projects around HongKong. With its primary "green" objectives of protecting the climate, preservingresources and reducing emissions, the company adopts stringent carbon reductionmeasures in its operation, including concrete batching plants, aggregatesdepots and logistics chain.
Mr. Vincent Yu, CEO of Alliance, said, "Consolidating green innovationin traditional practices established by decades of industrial development isnot an easy task. As we pride ourselves on being a pioneer to enable a circulareconomy, we are keen to explorenew approaches to lower our carbon footprint. This solar powerproject is one of our many green initiatives to make a difference. By setting longterm decarbonisation target, deployingconservation measures in entire manufacturing and delivery process, as well asdeveloping low carbon concrete products, we strive to minimise our environmental impactand support the construction industry to build a greener Hong Kong."
"Many enterprises are beginning to focus on environmentalsustainability, but are hesitant to proceed due to a lot of considerations. Forexample, when companies think about developing their own solar power projects,they may think that it is not feasible if the area of their facilities is not large.This is where partnering with the right solutions provider can make thedifference. NEFIN tailor-makes bespoke solutions to suit each company'sconsiderations. We believe that everyoneplays an important role in embracing carbon neutrality. In this collaboration,Alliance is a role model to its industry and the society as they decide to adoptrenewable energy on their facilities even where there maybe space constraints.Our team is able to design a solar PV system that maximizes the rooftop spaceof Alliance's plants and satisfy Alliance's requirements," said Mr. Glenn Lim,CEO of NEFIN.
The implementation of thissolar project took place during COVID19 pandemic. The unprecedented situationhas created challenges to both teams. Due to the social distancingrestrictions, certain points of the construction process were delayed. With theco-operation and understanding between Alliance and NEFIN, the solar PV systemswere completed on time within 2020.
The two companies will continue to work together to monitor the electricityoutput of the two pilot plants and explore the opportunity to promote renewableenergy to the other production facilities to enhance efficiency and strivetowards carbon neutrality.
About Alliance Construction Materials Limited
Alliance Construction Materials Limited("Alliance") is the leading concrete and aggregates total solutions provider inHong Kong. Having grown hand in hand with Hong Kong since early 1960s, Alliancehas evolved to be a joint venture owned by CK Infrastructure Holdings Limited("CKI") and HeidelbergCement Group since 2004.
Embracing the international credentials and localexpertise inherited from both CKI and HeidelbergCement Group, Alliance providesinnovative, reliable and customer-focused solutions on ready mixed concrete andaggregates to meet the most demanding requirements of construction projects inHong Kong. With a proven track record of more than 55 years, the company is committedto delivering the best value for its customers with unrivalled technicalexpertise and production capability, strategically located concrete plants,sustainable rock reserves, strong logistic capability, automated process anddedicated customer service team. For further information, please visit https://www.concrete.hk/en.
About NEFIN Group
NEFIN Group is a regional renowned solar developer and investor with bespoke experience in solar system deployment and a committed partner to organisations that aim to achieve carbon neutrality. Founded by a core management team of DuPont Solar Business, legal experts, and investment bankers, NEFIN Group has collectively delivered over 300MW of utility-scale, commercial, and industrial rooftop solar systems regionally. The group offers consulting services such as due diligence, feasibility studies, and lender-technical advice on top of project development, system design, engineering, and asset management. NEFIN Group also offers flexible financing options to partners who opt for zero investment. Please refer to NEFIN's website www.nefinco.com for more information.