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Major solar energy scheme to be inaugurated by Hong Kong University, producing an income approximated HK$160 million by 2023

A Hong Kong-based university plans to inaugurate the major solar energy project, where close to 8,000 solar panels will be installed. The solar panels will be expected to produce electricity that is correspondent to the yearly consumption of many domestics and also produce an income totaling to HK$160 million in the future. The Hong Kong University of Science and Technology (HKUST) scheme will cost about HK$60 million, and it will commence its activities in September. About 50 regions on the Clear Water Bay campus will receive solar panels.

The Hong Kong University of Science and Technology (HKUST) has used about 86 million kWh between July of 2013 and June this year. HKUST scheme is the largest one in the Hong Kong city and can produce three million kWh of electricity annually, equivalent to the yearly usage of over 900 three-person houses in Hong Kong. Davis Bookhart, the chief of HKUST sustainability, stated that the scheme’s main aim is to renovate the campus into a smart and sustainable lab where life reigns. In turn, it will enhance the environmental awareness of staff associates and learners at large.  

During a statement released by Marie Leung Chan Siu-chi, who is the prominent executive project director of Widex Technology Development and the chief contractor of the system, the volume of solar power anticipated being produced aims at reducing carbon emissions by 1.5 million kilograms in a year. The regions that Bookhart pointed out were a pool of floating solar panels, glass casing over academic structures and patios, and then plastic rooftop casings on outdoor car parks.  That scheme has combined a project from two leading power suppliers that provide homesteads, businesses, and institutions with rooftops solar panels. 

In the coming three years, the project is anticipated to produce about HK$160 working under CLP Power’s Renewable Energy Feed-in Tariff (FIT) Project. That is if they work at a constant rate of about HK$4 and HK$5 per kWh. However, Bookhart asserted that the university would only pocket an average of HK$4 million annually following installation expenses deductions. He added that the net income would be used for reducing greenhouse gas on campuses. According to CLP’s first-half business performance report, over 9,900 applications were made to the FIT scheme ever since it commenced its activities in May 2018.