Apple Spearheading $300 Million Supplier Investment in China Clean Energy Fund

Apple and 10 initial suppliers will invest close to $300 million over the next four years into the China Clean Energy Fund, said Apple, which announced this year its global facilities are powered by 100 percent clean energy. The fund will invest in and develop clean energy projects totaling more than 1 gigawatt of renewable energy in China, equivalent to powering nearly 1 million homes, Apple said. The fund is designed to give participants more purchasing power and the ability to attain attractive and diverse clean energy solutions, in what can be a potentially complex transition, especially for smaller companies, said the tech company. The fund will be managed by DWS group, also an investor, which specializes in sustainable investments. Initial suppliers are Catcher Technology, Compal Electronics, Corning, Golden Arrow, Jabil, Luxshare-ICT, Pegatron, Solvay, Sunway Communication and Wistron.