7/13/2018, 3:27 AM (Source: TeleTrader)
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Chart for: Apple Inc.

Apple to invest in Chinese clean energy fund

Apple Inc. announced on Friday that it is investing $300 million in the China Clean Energy Fund together with 10 initial suppliers over the next for years. The aim of the investment is to connect suppliers with renewable energy sources, as well as develop projects totaling more than 1 gigawatt of renewable energy in China.

"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."

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