Apple's new Clean Energy Fund in China | Colors of Blog
Apple launches its new clean energy investment fund in China on 12th of June for connecting suppliers with renewable sources of energy. Initially, 10 suppliers will jointly invest $300 billion in clean energy fund in 4 coming years. These funds will be invested in establishing clean energy projects generating 1 gigawatt of renewable energy in China, which is enough to supply power to 1 million homes. "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 and hope this model can be replicated globally to help businesses of all sizes make a significant positive impact on our planet." The China clean energy fund project will be managed by DWS Group, specialized in sustainable investments, which will also be investing in this clean energy fund. Apple, with its suppliers,