Apple issues new $1B bond to finance 'green' energy projects

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in AAPL Investors
Apple on Tuesday issued its second-ever "green" bond sale, valued at $1 billion, intended to fund the company's renewable energy builds as well as other environmental efforts, like improved energy efficiency.




The bonds will mature in 2027, and should yield 95 to 100 basis points more than Treasuries, according to Bloomberg sources. The sale was organized by Bank of America, Goldman Sachs, and JPMorgan Chase.

Apple added that the deal will also help support its plan for a closed-loop supply chain, in which products will be made entirely using recycled materials. The company first revealed the initiative in April, but admitted at the time that it's not sure how it will achieve that goal, apart from building on technologies like its "Liam" iPhone recycling robot.

In the meantime, the company is hoping to power its operations entirely with renewable energy -- this includes investments in solar, biogas, and hydroelectricity in the U.S. and abroad. The company's new Cupertino headquarters, Apple Park, is in fact lined with rooftop solar panels, and supplemented by fuel cells.

Apple's first green bonds were issued in a Feb. 2016 sale worth $1.5 billion. This March the company broke down how $441.6 million of that was spent, noting that most of it went towards buildings and renewable energy.

Recently Apple was one of many U.S. entities that vowed to continue supporting the Paris climate accord, despite President Donald Trump announcing the country would pull out.

Comments

  • Reply 1 of 4
    appexappex Posts: 687member
    "Apple issues new $1B bond to finance 'green' energy projects".

    Really? To protect the environment, stop producing iMac all-in-one computers and potentiate instead a Mac mini tower. CPU may last for seven years, but displays last for more than 20. At the same time, use standard ports and components inside, not soldered ones. Stop destroying the environment with programmed obsolescence.
  • Reply 2 of 4
    SpamSandwichSpamSandwich Posts: 29,347member
    appex said:
    "Apple issues new $1B bond to finance 'green' energy projects".

    Really? To protect the environment, stop producing iMac all-in-one computers and potentiate instead a Mac mini tower. CPU may last for seven years, but displays last for more than 20. At the same time, use standard ports and components inside, not soldered ones. Stop destroying the environment with programmed obsolescence.
    Just return your Apple computers and devices to Apple for recycling when they are no longer useable. The act of breathing and merely existing has some degree of effect on the environment, so let's not get too hyperbolic about it. Apple is probably the most "responsible" consumer electronics company we've ever seen.
    edited June 2017 mwhitefastasleepanantksundaramlkruppadm1
  • Reply 3 of 4
    MacProMacPro Posts: 17,382member
    Is Apple planning to be an energy provider to the grid, for profit, or just self sufficient?
  • Reply 4 of 4
    SpamSandwichSpamSandwich Posts: 29,347member
    MacPro said:
    Is Apple planning to be an energy provider to the grid, for profit, or just self sufficient?
    I believe they've been shooting for 100% self-sufficiency.

    When you really think about it, there are large overlaps in terms of interest between Apple and Tesla (especially since Musk acquired his brother's solar company), except for the fact that Tesla is highly valued but makes no profits.
    edited June 2017 adm1
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