INSUBCONTINENT EXCLUSIVE:
Apple has announced a new investment fund to foster clean energy usage in China
The company isn&t just trying to switch its own offices and facilities
Apple is also working with its suppliers to expand the use of clean energy across the board.
For this fund in particular, Apple and 10
suppliers will invest $300 million over the next four years
Overall, the company expects to finance multiple clean energy projects to produce 1 gigawatt of renewable energy in China.
Apple isn&t going
to manage the fund itself
The company is partnering with DWS Group, a division of Deutsche Bank
DWS will also participate in the fund.
The company started working on renewable energy projects a few years ago
Earlier this year, Apple claimed that 100 percent of its offices, retail stores, data centers and Apple-owned facilities are now powered by
renewable energy.
Apple is not there yet when it comes to suppliers
The company has launched the Supplier Clean Energy Program back in 2015 with 23 manufacturing partners, and regularly shares updates —
Foxconn seems to be missing so far.
By 2020, Apple and its suppliers hope to generate 4 gigawatts of clean energy
And let be honest, this is great news for the planet.
