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

In a groundbreaking announcement on Weibo, Apple Inc. CEO Tim Cook revealed a significant investment of 720 million yuan (approximately $100 million) into a clean energy fund in China. This move underscores Apple's commitment to environmental sustainability and its ambitious goal to power its entire supply chain with renewable energy by 2030.

Expanding Renewable Energy Capacity

According to Cook, two-thirds of Apple's supply chain in China already operates on renewable energy. The new fund is expected to add around 550,000 megawatt-hours of wind and solar capacity to China's grid annually, with potential for growth. This initiative builds on the success of the first China Clean Energy Fund launched in 2018, marking a significant step forward in Apple's environmental efforts.

Collaboration for Innovation

Apple COO Jeff Williams highlighted the importance of collaboration with suppliers in China to drive innovation in smart and green manufacturing. "With the launch of the second China Clean Energy Fund, we're proud to deepen our collaboration with suppliers across China to drive innovation," Williams stated, emphasizing the company's dedication to sustainable development.