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Apple’s $300-Million Renewables Fund to Power a Million Homes in China

Simon Wade/Wikimedia Commons

Apple has launched a US$300-million clean energy fund in China that is expected to fund renewable energy generation for nearly a million homes.

China’s government has made cutting pollution a key priority, putting pressure on local and international firms to help reduce high levels of smog in its major cities and clean up the country’s waterways and polluted soil,” Reuters notes. “The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corporation and Wistron Corporation over a four-year period, also comes as the United States and China lock horns over trade.”

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Apple ships its products around the world, but does most of its manufacturing in China, the news agency notes. “China is also one of Apple’s most important end markets, although it has faced a rising challenge from local smartphone rivals.”

Earlier this year, the company said all its plants around the world were running on 100% clean energy.

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2 Comments To "Apple’s $300-Million Renewables Fund to Power a Million Homes in China"

#1 Pingback By China High in Renewable Capacity, But Not in Production Efficiency | Raymond Castleberry Blog On July 30, 2018 @ 4:43 PM

[…] renewable plants and the country’s excess generating capacity, Apple recently launched a $300 million clean energy fund that is expected to fund additional renewable energy generation in […]

#2 Pingback By China Generates Most of Its Power from Coal | Raymond Castleberry Blog On September 13, 2018 @ 7:52 PM

[…] coal to 58 percent of its energy mix by 2020. In fact, Apple is helping these goals by launching a $300-million clean energy fund in China to fund renewable energy […]