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  HOME | Oil & Energy (Click here for more)

Apple Launches Clean Energy Fund in China

BEIJING – Apple announced on Friday the launch of a unique fund to promote clean energy among the company’s suppliers in China, with nearly $300 million of investment.

Over the next four years, the US tech giant and 10 initial suppliers will jointly contribute to the China Clean Energy Fund, which will connect Apple’s suppliers of components and products with clean and renewable energy sources.

“The fund will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes,” Apple said in a statement on its website.

The fund is part of Apple’s efforts to reduce the impact of its activities on the environment, the company said.

 

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