By Abbas Nazil
Apple has announced a new $99.3 million investment in China to further its goal of achieving a 100 percent renewable energy supply chain by the end of the decade.
The tech giant is launching the second phase of its China Clean Energy Fund, originally established in 2018, to accelerate the transition of its suppliers to sustainable energy sources.
The new commitment amounts to 720 million yuan and builds on Apple’s previous efforts, which have already surpassed initial targets.
The first phase of the fund resulted in the development of over 1 gigawatt of wind and solar projects across 14 provinces in China, helping Apple suppliers integrate more renewable energy into their operations.
With this latest investment, the company aims to add approximately 550,000 megawatt-hours of wind and solar energy annually.
Apple Chief Operating Officer Jeff Williams emphasized the company’s commitment to green manufacturing in China, stating that Apple is proud to collaborate with suppliers to drive technological innovation while making progress toward environmental sustainability.
The second phase of the China Clean Energy Fund will be managed by British asset management firm Schroders, providing an opportunity for Apple’s suppliers and other Chinese companies to invest in renewable energy while also seeking financial returns.
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This move aligns with Apple’s broader mission to achieve carbon neutrality throughout its supply chain and product lifecycle.
The company reports that approximately two-thirds of its production in China already operates on renewable energy, and this new initiative is expected to increase that proportion.
Apple’s investment in renewable energy in China comes as part of its broader environmental and sustainability goals, which include reducing emissions and reliance on fossil fuels across its global operations.
The company has been working with its suppliers to adopt cleaner energy sources, with the goal of making its entire supply chain carbon-neutral by 2030.
Apple’s ongoing commitment to environmental responsibility reflects a growing trend among multinational corporations to integrate sustainability into their business models while maintaining profitability.
Beyond its sustainability efforts in China, Apple has also committed to significant investments in the United States.
In February, the company announced plans to invest $500 billion over the next four years to support domestic manufacturing and artificial intelligence development.
These investments demonstrate Apple’s strategy of expanding its influence in both green energy and advanced technology while securing long-term growth in key global markets.
