Apple details the progress it has made with its $4.7 billion green bond

Posted:
in AAPL Investors edited March 17
In its 2020 Green Bond impact report, Apple has detailed its latest energy projects that not just benefit the company, but power the local community in some cases.




Apple's projects, when complete, will generate 1.2 gigawatts of renewable energy globally. In the last year, Apple has brought on-line 350 megawatts of renewable energy in Nevada, Illinois, Virginia, and Denmark.

In Nevada, Apple's 180-acre site located within the Reno Technology Park is now providing power to the Nevada data center. The site delivers 50 megawatts of power, with Apple now having three Nevada facilities, generating 270 megawatts.

A wind farm outside of Chicago is Apple's source for a 112 megawatt purchase. In Fredericksburg, Virginia, Apple worked with Etsy, Akamai, and SwissRE to support the development of a solar photovoltaic project that delivers 165 megawatts of power.

Also in the last year, Apple has completed construction of two of the world's largest onshore wind turbines near Esbjerg, Denmark. When fully online, the two turbines are predicted to deliver 62 gigawatt-hours each year. Apple says that the power it delivers is equivalent to what 20,000 homes consume, with the project ultimately supporting the Viborg data center.

"Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work," said Lisa Jackson, Apple's vice president of Environment, Policy, and Social Initiatives. "We all have a responsibility to do everything we can to fight against the impacts of climate change, and our $4.7 billion investment of the proceeds from our Green Bond sales is an important driver in our efforts. Ultimately, clean power is good business."

Since launch, Apple has more than doubled the seed funding for the green energy projects. Apple says that it has allocated more than half of its total Green Bond spend, and also notes that it will continue to invest in projects that address carbon emissions.

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Comments

  • Reply 1 of 1
    generate 1.2 gigawatts of renewable energy
    What if they had aimed a little higher and reached 1.21 gigawatts, combined with the flux capacitor—imagine that! 👀🍏😎
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