Industrial, Sourcing Renewables - March 18, 2021
Apple celebrates 350 MW of new RE capacity in 2020
Apple added 350 MW of renewable energy capacity in 2020 through projects in Nevada, Illinois, Virginia and Denmark as part of its planned $4.7 billion green bond spend that funded 17 projects total last year.
The green bond projects will avoid an average of 912,000 metric tons of carbon emissions annually with 1.2 GW of total renewable energy capacity globally. The latest investments included a 50 MW onsite solar project at its Reno, Nevada, data center; a 112 MW VPPA with a wind farm to cover its electricity use in the Chicago area; investing in the development of a 165 MW solar project in Fredericksburg, Va.; and the construction of the largest onshore wind turbines in Denmark, which should produce 62 GWh each year.
“Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,” Lisa Jackson, Apple’s vice president of environment, policy, and social initiatives, said in a statement. “We all have a responsibility to do everything we can to fight against the impacts of climate change, and our $4.7 billion investment of the proceeds from our Green Bond sales is an important driver in our efforts. Ultimately, clean power is good business."
Apple has invested proceeds from three green bond issuances since the signing of the Paris Agreement in 2015. More than half of its total $2.8 billion green bond spend has been directed toward investing in projects that target carbon emissions in pursuit of its target to be carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030.