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Business14 July 20181 min read

Apple launches $300 million ‘green’ fund

Shanghai : Apple said yesterday it has established a fund to invest nearly $300 million over the next four years to connect its Chinese suppliers to renewable energy as Beijing pushes an anti-pollution drive. The US giant said it and 10 initial suppliers would jointly provide the

Editorial Team Legacy

Published 14 July 2018, 8:00 · Updated 22:12

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Apple launches $300 million ‘green’ fund

Shanghai : Apple said yesterday it has established a fund to invest nearly $300 million over the next four years to connect its Chinese suppliers to renewable energy as Beijing pushes an anti-pollution drive.

The US giant said it and 10 initial suppliers would jointly provide the money for the China Clean Energy Fund, aimed at helping the companies make the transition to clean energy.

Apple said the project would produce an initial one gigawatt of clean energy, equivalent to powering nearly a million homes.

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