In the next four years, Apple will invest more than 2 billion yuan with China’s clean energy fund with 10 suppliers. The renewable energy generated by these investments will provide electricity for the operation of Apple’s 10 suppliers, including Taiwan’s iPhone assembler Heshuo and Wistron. It is reported that the development scale of the project is more than 1000 megawatts of renewable energy, equivalent to meeting the electricity required by nearly 1 million households.
As a company that has long been concerned about environmental issues, Apple has recently made a major move to promote clean energy development. On July 13, Apple announced the launch of its first investment fund in China to seek investment opportunities in the renewable energy sector. The final fund investment project is to serve the participating suppliers and provide electricity to the latter as a clean energy source. Industry analysis generally pointed out that Apple is aiming at China’s renewable energy, and its ultimate goal is the Chinese market. Apple’s move comes at a time when trade disputes between the United States and its most important overseas market, China, are escalating.
According to the relevant person in charge, after the establishment of the new fund, it is expected to start investing in 2018, it will focuse on investment projects in the field of large-scale renewable energy. At the same time, in the next four years, Apple will invest in China’s renewable energy sector, and joint 10 suppliers who have joined the fund to invest nearly 300 million US dollars. That is to say, these ten companies will invest in this project together with Apple, and the clean energy generated will also offset the energy they consume.