Apple and several of its largest partners, such as Pegatron, Wistron and Jabil are merged into a new Fund “China Clean Energy” cost $ 300 million.
The new Fund will be engaged in investment projects related to renewable energy in the framework of the program of Apple for cleaning up their supply chain.
The Fund will assume the DWS Group is a division of Deutsche Bank engaged in asset management. It also will be a co-investor of the project along with Apple, Pegatron, Wistron and Jabil.
While we developed a four-year work plan of the Fund. He suggests that during this period resources will be activated, which will allow to develop in China for more than 1 gigawatt of renewable energy.
As stated by the FT, the head of the division for social policy Lisa Jackson, formerly head of the Agency for environmental protection of the United States, Apple has set an ambitious long-term goal to reduce the impact on the environment. Last year, the company said it hopes one day to start fully manufacturing all their devices from recycled materials and “to stop the extraction of resources from the earth at all.” However, when this day comes, Apple never said.
However, Apple is actively working in this direction. IT-giant is in fourth place in the ranking of Solar Energy Industries Association (SEIA) for the production of energy from solar (of 79.4 MW). The company has invested in projects to develop wind and solar energy that are realized in Oregon, Nevada and Iowa in the USA and in Japan and China. In 2018, Apple announced that all its infrastructure in all countries of the world 100% powered by clean energy.