Apple is creating a $300 million fund to build solar power in China

Posted On: Jul 12, 2018   |   Posted By: Business Insider

Apple is creating a $300 million fund to build solar power in China

Apple wants its parts suppliers to use renewable energy, like it does at its stores and headquarters.
So it's investing in a $300 million fund along with its suppliers that will invest in new solar and wind projects in China.
The fund will be managed by DWS Group, Deutche Bank's asset management arm.
Apple is reaching into its cash pile to help spread solar energy and wind farms across China.
The iPhone maker has teamed up with 10 of its components suppliers to create a new $300 million fund that will invest in renewable sources of energy in China over the next four years.
The fund, called the China Clean Energy Fund, will be managed by DWS Group, Deutsche Bank's asset management arm.
The idea is that the fund can invest in new power generators so that the companies that make parts for Apple - its suppliers - have better access to renewable energy sources. In China, where many of Apple's suppliers are based, that means a lot of wind wind and solar.
Apple did not specify how much of the $300 million fund will...

Continue reading ...

 






The last Posts from Business Insider



Coast Guard officer accused of stockpiling weapons for planned attack

Coast Guard officer accused of stockpiling weapons for planned attack

Federal agents arrested a self-proclaimed white nationalist and lieutenant in the Coast Guard on gun and drug charges, accusing him of plotting a massive domestic terror attack... Read more ...

Smollett charged with filing false police report

Smollett charged with filing false police report

CHICAGO - “Empire” actor Jussie Smollett was charged Wednesday with making a false police report when he said he was attacked in downtown Chicago by two men who hurled racist... Read more ...

'Empire' actor Jussie Smollett accused of filing false police report

'Empire' actor Jussie Smollett accused of filing false police report

Jussie Smollett is accused of filing a false police report, a felony, according to Chicago police spokesman Anthony Guglielmi. Read more ...

New York Times responds to Trump's attack: 'It's not just false, it's dangerous'

New York Times responds to Trump's attack: 'It's not just false, it's dangerous'

The New York Times publisher recently spoke with President Trump about this very issue during an Oval Office interview, who responded by claiming that he thinks he is a great... Read more ...

Waukesha father died with two children he tried saving from fire

Waukesha father died with two children he tried saving from fire

A Waukesha father died along with two of his children he was trying to save from a burning home, a relative confirmed to WISN 12 News. Read more ...

Zion Williamson's shoe exploded and he appeared to injure his knee in first...

Zion Williamson's shoe exploded and he appeared to injure his knee in first minute against North Carolina

Zion Williamson injured his knee just 33 seconds into Wednesday night's highly anticipated game against rival North Carolina. Williamson tried to cut with the basketball and... Read more ...

Justice Department preparing for Mueller report as early as next week

Justice Department preparing for Mueller report as early as next week

The Justice Department preparations are the clearest indication yet that Mueller is nearly done with his almost two-year investigation. Read more ...

Fire in old part of Bangladesh's capital kills at least 69

Fire in old part of Bangladesh's capital kills at least 69

DHAKA, Bangladesh - A devastating fire raced through buildings in an old part of Bangladesh's capital and killed at least 69 people, officials and witnesses said Thursday... Read more ...

Chicago Police: Jussie Smollett Under Suspicion Of Filing False Police Report

Chicago Police: Jussie Smollett Under Suspicion Of Filing False Police Report

The investigation into the alleged attack against actor Jussie Smollett has taken another turn. The "Empire" actor had claimed he was the victim of a racist and homophobic... Read more ...

Officer says he followed ‘the trail of soda' to catch man who stole...

Officer says he followed ‘the trail of soda' to catch man who stole 18-wheeler Pepsi truck

Police said it wasn't difficult to track down the 45-year-old suspect. Read more ...