Apple launches $300 mn 'green' fund for China suppliers
July 13, 2018
Apple said on Friday it has established a fund to invest nearly $300 million over the next four years to connect its Chinese suppliers to renewable energy as Beijing pushes an anti-pollution drive.
The US giant said it and 10 initial suppliers would jointly provide the money for the China Clean Energy Fund, aimed at helping the companies make the transition to clean energy.
Apple said the project would produce an initial one gigawatt of clean energy, equivalent to powering nearly a million homes.
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