Apple's Major Investment in China's Clean Energy Future

In a groundbreaking move, Apple Inc. CEO Tim Cook revealed via a Weibo post that the tech giant is injecting 720 million yuan (approximately $100 million) into a clean energy fund in China. This initiative underscores Apple's commitment to environmental sustainability and its ambitious goal to power its entire supply chain with renewable energy by 2030.

Strengthening Renewable Energy Infrastructure

Cook highlighted that two-thirds of Apple's supply chain in China already operates on renewable energy. The new fund is designed to significantly amplify this effort, aiming to add around 550,000 megawatt-hours of wind and solar capacity to China's grid annually. Apple anticipates this contribution to grow over time, further solidifying its environmental legacy in the region.

Building on Past Successes

This investment builds upon the achievements of the first China Clean Energy Fund initiated in 2018. Apple COO Jeff Williams expressed pride in the company's collaboration with Chinese suppliers, noting their leadership in smart and green manufacturing. The launch of the second fund represents a deepened commitment to fostering innovation and sustainability across Apple's supply chain in China.