Apple announces $99 million new clean energy fund in China

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Apple Inc said on Monday it will set up a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with a Beijing visit of its CEO Tim Cook.

Apple said in a statement that it is a move aimed at expanding its clean energy capacity in China, and is part of the company’s efforts to transition its supply chain to 100% renewable energy by 2030.

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Apple announces $99 million new clean energy fund in China


Apple Inc said on Monday it will set up a new clean energy fund in China worth 720 million yuan ($99.22 million), coinciding with a Beijing visit of its CEO Tim Cook.

Apple said in a statement that it is a move aimed at expanding its clean energy capacity in China, and is part of the company’s efforts to transition its supply chain to 100% renewable energy by 2030.

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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