Apple launches major renewable energy initiative in China
The new fund will expand China’s clean energy capacity and support Apple’s manufacturing partners.
Apple has announced the creation of a new clean energy fund in China worth 720 million yuan ($99.22 million).
The initiative coincides with a visit to Beijing by CEO Tim Cook and aims to support Apple’s broader goal of transitioning its supply chain to 100% renewable energy by 2030.
The company stated that the fund will help expand clean energy capacity in China, a key manufacturing hub for Apple products.
Investments in renewable energy have been a priority for the tech giant, which has already made significant commitments to reducing its environmental footprint worldwide.
Apple’s latest move underscores its long-term sustainability strategy and commitment to clean energy adoption within its supply chain.
The initiative aligns with China’s push for greener technologies and reinforces Apple’s role in advancing global environmental goals.
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