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Apple Inc. (NASDAQ:AAPL) Announce Investment Details Of Its $4.7 Green Bond In Renewable Energy Projects

Apple Inc. (NASDAQ:AAPL) has offered the latest details of its energy projects benefiting the company and powering local communities in its 2020 Green Bond impact plan. The newly completed projects are part of the iPhone maker’s planned $4.7 billion Green Bond commitment to deliver clean energy to local communities and minimize carbon emissions.

Apple invested Green Bond proceeds in renewable energy projects

Last year, the company funded 17 Green Bond renewable energy projects that will reduce carbon emissions annually by 921,000 metric tons, equivalent to taking 200,00 cars off the road. These projects will generate renewable energy around 1.2 gigawatts globally. Over the last year, Apple added 350 megawatts of newly installed renewable energy in Illinois, Nevada, Denmark, and Virginia. It is important to note that Apple’s Green Bond issuances are among the largest private sector.

Nevada, the 180-acre site in Reni technology Park, is already supplying power to the Nevada data center. The site provides 50 megawatts of power, and now Apple has three facilities in Nevada generating almost 270 megawatts. Outside Chicago, the company has a wind farm producing 112 megawatts, and in Virginia, the company is working with Akamai, Etsy, and SwissRE, supporting a solar photovoltaic projects development that delivers 165 megawatts of power.

Apple supporting the construction of onshore wind turbines in Denmark

Similarly, in 2020 the company completed two of the largest onshore wind turbines globally in Esbjerg, Denmark. Once the project comes online, the turbines will produce over 62 gigawatt-hours per year, which Apple says will be equivalent to the power 20,000 homes consume.

Apple’s VP Environmental policy and Social Initiative Lisa Jackson, said that the company is dedicated to protecting the planet, and they share the solutions that support communities where the company works. Lisa said that it is everybody’s responsibility to do all they can to fight climate change impacts. She added that Apple’s $4.7 billion investment in the Green Binds sales proceeds is a massive driver of the efforts because clean energy is food for its business.

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