Apple announces $300 million clean energy fund in China
2018-07-13 09:35:31 source:CNBC
July 13, 2018
Apple in partnership with several of its suppliers announced on Thursday a $300 million fund for investing in renewable energy projects in China. The China Clean Energy Fund aims to produce at least 1 gigawatt of energy — or enough to power about 1 million homes — through fully renewable means over the next four years.
Renewable energy has long been part of Apple's corporate DNA. As far back as a decade ago, Apple was already scoping out renewable energy sources for its North Carolina data center. The company commissioned a Bay Area solar contractor build a dedicated solar energy facility for the center, and ended up with three local solar farms and a bio-gas fuel-cell for the data center, Fast Company reported.
In April it debuted Daisy the recycling robot, which dissembles old iPhones, and announced that its global facilities across 43 countries are powered by 100 percent clean energy. More recently, the company has turned its focus toward its supply chain, working with U.S. and Canadian aluminum suppliers to cut down on greenhouse gas emissions.
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