Apple-backed China Clean Energy Fund is backing three wind farms in China. Each farm is capable of generating 48 megawatts of clean energy.
All the companies involved in the fund are Apple suppliers (plus Apple.) Together, they will invest $300 million by 2022. These projects will ultimately generate a whopping 1 gigawatt of renewable energy.
The three wind farms are located in the Chinese provinces of Hunan and Hubei. They represent approximately 1/10 of the China Clean Energy Fund’s sustainable project goal.
“To see these projects completed and already supplying clean energy to the grid is really exciting,” said Lisa Jackson, Apple’s VP of Environment, Policy and Social Initiatives. “We are proud that suppliers participating in the fund share our commitment to supporting innovative energy solutions, cutting emissions and fighting climate change.”
“The China Clean Energy Fund has enabled us to invest in a great many renewable projects at a much higher capacity,” said Hao Peng, chairman and president of Sunway Communication, an Apple supplier and investor in the fund. “This just wouldn’t be possible on our own. We appreciate Apple’s efforts, and we’re looking forward to investing in clean energy projects across China.”
Others suppliers in the fund include Catcher Technology, Compal Electronics, Corning, Golden Arrow, Jabil, Luxshare-ICT, Pegatron, Solvay, and Wistron.
Clean Energy Fund: Apple’s ramping up its environmental efforts
Under Tim Cook, Apple has greatly ramped up its environmental efforts. Last year, Apple became the world’s first major tech company to be powered by 100% renewable energy. However, while this covered all of its own global facilities, Apple has also pushed its suppliers to embrace clean energy.
In 2015, Apple launched its Supplier Clean Energy Program back in 2015. Since then, around two dozen manufacturing partners in 10 countries have committed support.
Earlier this year, Tim Cook addressed the subject of climate change. He said that this is one topic too big for the government alone to solve. “We cannot be looking to the government to solve all the problems,” said Cook during the interview. “I think it takes the public sector, the private sector, and academia working together to solve these problems. Climate change is not going to be solved by government — as just one example. We’ve readily stepped up and participated in the conversations because we think how we do is important as what we do.”
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