13 Jul '18, 3am

Apple sets up USD300 million clean energy fund in China

Apple sets up USD300 million clean energy fund in China

Apple continues to walk the talk. As part of its commitment to address climate change and increase the use of renewable energy, within its supply chain, the tech giant announced a first-of-its-kind investment fund in China. The fund will help connect suppliers with renewable energy sources and will start with 10 initial suppliers. Apple said it will jointly invest nearly USD300 million over the next four years into the China Clean Energy Fund. The fund will invest in and develop clean energy projects totalling more than one gigawatt of renewable energy in China. That’s equivalent to powering nearly one million homes. China is the world’s leading country in electricity production from renewable energy resources, with the United States in second place. The world’s most populous country has the world’s largest installed capacity of hydro, dollar and wind power. In 2017, its r...

Full article: https://vernonchan.com/apple-sets-up-usd300-million-clean...

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