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Apple Launches USD 99.2 Million Clean Energy Fund in China to Boost Renewable Energy


Photo by Stockcake
Photo by Stockcake

Summary


  • Apple has launched a new clean energy fund in China worth USD 99.2 million to expand renewable energy capacity.

  • The fund aims to add 550,000 megawatt-hours of wind and solar energy to China’s power grid annually.

  • The new initiative follows a successful 2018 fund and aligns with Apple’s goal to transition its supply chain to 100% renewable energy by 2030.


 

Apple has announced the creation of a new clean energy investment fund in China, valued at USD 99.2 million (CNY 720 million). This initiative is part of the company’s ongoing commitment to transitioning its supply chain to 100% renewable energy by 2030. The fund will focus on expanding China’s clean energy generation capacity, with an annual goal of adding 550,000 megawatt-hours of wind and solar energy to the country's power grid.

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