Apple partners with suppliers to launch China Clean Energy Fund

Apple has recently published a press release touting a $300 million fund for investing in projects focused on renewable energy in China. The partnership between Apple and several of their suppliers to produce at least 1 gigawatt of renewable energy.

Suppliers Participating:

At the launch of the China Clean Energy Fund, 10 suppliers will all invest $300 million over 4 years to develop a range of projects that provide clean energy. The end goal will be to power near 1 million homes and to achieve 1 gigawatt of renewable energy.

”At Apple, we are proud to join with companies that are stepping up to address the climate challenge,”. Said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “We’re thrilled so many of our suppliers are participating in the fund. We hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet.”

List of Initial Suppliers:

  • Catcher Technology
  • Compal Electronics
  • Corning Incorporated
  • Golden Arrow
  • Jabil
  • Luxshare-ICT
  • Pegatron
  • Solvay
  • Sunway Communication
  • Wistron

The transition to clean energy can be complex, especially for smaller companies.

Transitioning to clean energy can be complex. This is especially true for smaller companies that may not have access to viable clean energy sources. By virtue of its size and scale, the China Clean Energy Fund will give its participants the advantage of greater purchasing power. As well as the ability to attain more attractive and diverse clean energy solutions.

The China Clean Energy Fund will be managed through a third party, DWS Group, which specializes in sustainable investments and will also invest in the fund.