Apple is creating a $300 million fund to build solar power in China (AAPL, DB)
|07/13/2018||Posted by BusinessMediaguide.Com under General World News||
- 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 read more >>>