FARMINGTON, Conn. - Carrier Asia Limited has signed a memorandum of understanding (MOU) with the Bank of Beijing, establishing a strategic alliance to promote energy efficiency improvements and the reduction of greenhouse gas emissions in China’s buildings. Under the agreement, Carrier will offer sustainable high performance building solutions, while the Bank of Beijing will support building owners with financing consulting and services for energy savings.

“Carrier is dedicated to providing energy efficient and sustainable building solutions globally,” said Ross Shuster, president, Carrier Asia. “Through this cooperation with the Bank of Beijing, we will be offering owners of existing buildings financially and socially compelling justification to improve the energy efficiency of their properties.”

Carrier has an expansive range of energy efficiency offerings, including energy retrofits, energy audit and consulting services, retro-commissioning, measurement and verification services, and HVAC equipment.

Through this MOU, over the next two years, Carrier will provide comprehensive energy auditing and implementation solutions and will cooperate with the Bank of Beijing, which will offer its broad financing services to building owners.

“As a leading commercial bank in China, the Bank of Beijing has been looking forward to diversifying our financial services under the current challenging market environment,” said Yan Bingzhu, chairman of the Bank of Beijing. “We are very pleased to have a competitive partner like Carrier to make full use of our resources, technologies, and services, to contribute to the development of China’s green cause.”

China, as the world’s second largest energy consumer, has taken the initiative to accelerate energy savings and emissions reduction in buildings.

“In implementing energy retrofits for existing buildings, the financials of the project are always a consideration for project owners,” commented Ronnie Zheng, director, energy and sustainability, Carrier Asia. “Carrier’s collaboration with the Bank of Beijing will provide building owners with effective and convenient sustainable solutions.”

For more information, visit

Publication date:09/21/2009