Apple is creating a $300 million fund to build solar power in China (AAPL, DB)


Apple wants its parts suppliers to use renewable energy, like it does at its stores and headquarters.
So it’s investing in a $300 million fund along with its suppliers that will invest in new solar and wind projects in China. 
The fund will be managed by DWS Group, Deutche Bank’s asset management arm.

Apple is reaching into its cash pile to help spread solar energy and wind farms across China. 

The iPhone maker has teamed up with 10 of its components suppliers to create a new $300 million fund that will invest in renewable sources of energy in China over the next four years.See the rest of the story at Business Insider

NOW WATCH: We interviewed Pepper – the humanoid robot

See Also:

The App Store has made Apple at least $40 billion in revenue since it was created 10 years ago todayThe Google superstar Apple poached is now in charge of SiriA diehard Mac user switches to PC

SEE ALSO: Apple just launched new MacBook Pro laptops — and they have an updated keyboard

Read more:

About the author

Anne workforce

Leave a comment:

Malcare WordPress Security