Apple-launched China Clean Energy Fund invests in three wind farmsChristian Fernsby ▼ | September 25, 2019
In Dao County in Hunan Province, China, the massive blades of wind turbines from the Concord Jing Tang and Concord Shen Zhang Tang wind farms turn rhythmically in the sky.
Asia Apple wind turbine
Topics: Apple China clean energy
Along with a 38 MW farm in bordering Hubei province developed by Fenghua Energy Investment Group Co., Ltd., these three clean energy projects are the first
nvestments of the China Clean Energy Fund. Launched in 2018, the China Clean Energy Fund is a new, first-of-its-kind investment fund in China that connects suppliers with renewable energy projects.
Apple and 10 of its suppliers in China will invest nearly $300 million by 2022 to develop projects totaling 1 gigawatt of renewable energy.
The three wind farms in Hunan and Hubei will generate approximately one-tenth of the anticipated overall project total.
Apple and its suppliers will generate more than 4 gigawatts of clean energy worldwide by 2020. This will cover one-third of the electricity needed for Apple’s global manufacturers and suppliers. ■