Apple earmarks $300 million for sustainable energy projects in China

Apple just announced a $300 Million  renewable energy fund in China to connect suppliers with renewable energy sources. Apple manufactures the majority of its products in China.

The fund will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China, the equivalent of powering nearly 1 million homes.

"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."

Here are the initial suppliers signed on to participate in the China Clean Energy Fund:

• Catcher Technology
• Compal Electronics
• Corning Incorporated
• Golden Arrow
• Jabil
• Luxshare-ICT
• Pegatron
• Solvay
• Sunway Communication
• Wistron

Today’s news follows Apple’s announcement earlier this year that its global facilities are powered by 100 percent clean energy and the launch of its Supplier Clean Energy Program in 2015. Since that program began, 23 manufacturing partners, operating in more than 10 different countries, have committed to powering all of their Apple production with 100 percent clean energy. Apple and its suppliers will generate more than 4 gigawatts of new clean energy worldwide by 2020 — representing one-third of Apple’s current manufacturing electricity footprint.