HSBC Fund Partnership

HSBC Holdings PLC
19 March 2008



      HSBC ENVIRONMENTAL INFRASTRUCTURE FUND PARTNERS WITH THE CARBON TRUST

HSBC Environmental Infrastructure Fund ('the Fund') has committed up to £18
million to acquire 49 per cent of, and provide development funding to,
Partnerships for Renewables ('PfR'), a venture created by Carbon Trust
Enterprises to develop renewable energy projects on public sector land.

The Fund will also make a £30 million revolving construction capital facility
available to fund an estimated £100 million of equity required to build out the
renewable energy projects. Partnerships for Renewables aims to develop a 500
megawatt portfolio of renewables projects on public sector land across the UK
during the next five years.

Notes to editors:

HSBC Environmental Infrastructure Fund
HSBC Environmental Infrastructure Fund is managed by HSBC Specialist Fund
Management Limited ('HSFML'), which is authorised and regulated by the Financial
Services Authority and is a wholly-owned subsidiary of HSBC Holdings plc. HSBC
Holdings plc serves over 128 million customers worldwide through around 10,000
offices in 83 countries and territories in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa. With assets of some US$2,354 billion at 31
December 2007, HSBC is one of the world's largest banking and financial services
organisations. HSBC is marketed worldwide as 'The world's local bank'.

Partnerships for Renewables ('PfR')
Partnerships for Renewables was set up by Carbon Trust Enterprises in 2006 to
work in partnership with the public sector to develop, construct and operate
renewable energy projects

The Carbon Trust
The Carbon Trust is an independent company set up by government in response to
the threat of climate change, to accelerate the move to a low carbon economy by
working with organisations to reduce carbon emissions and develop commercial low
carbon technologies.

Carbon Trust Enterprises
Carbon Trust Enterprises Limited is a separate, commercial entity, which
benefits from being a subsidiary of the Carbon Trust.

For further information on The Carbon Trust, Carbon Trust Enterprises or
Partnerships for Renewables contact:

The Carbon Trust press office on 020 7544 3100.




                      This information is provided by RNS
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