Expansion of Renewable Energy by Apple and Global Suppliers Reaches 13.7 Gigawatts
Apple has taken a significant step forward in its commitment to a greener future, investing $4.7 billion in Green Bonds to finance the expansion of clean energy solutions and emissions reductions. This investment, announced recently, will support large-scale solar, low-carbon design, energy efficiency, and carbon removal projects worldwide.
The tech giant's efforts are not limited to its own operations. More than 40 manufacturing partners joined Apple's Supplier Clean Energy Program in the last year, signaling a growing demand for the expansion of renewable electricity capacity around the world. Apple's suppliers are now supporting about 1.5 gigawatts of renewable electricity to power all corporate offices, data centers, and retail stores.
Apple's influence extends far beyond its immediate partners. Thirty European manufacturing partners are committed to clean energy, with six already achieving 100% renewable electricity. In South Korea, 18 businesses are part of the Supplier Clean Energy Program, with LG Innotek using onsite solar and SK hynix achieving 100% renewable energy for its Apple production.
In Japan, 34 manufacturing partners have committed to procure 100% renewable energy for their Apple production. Over 250 global manufacturing partners are committed to using renewable energy for all Apple production by 2030.
Notable examples of suppliers making progress include Coherent Corp., nearing 100% renewable electricity through a green utility program, and Qorvo, using power purchase agreements (PPAs) for solar and wind projects. Bemis Associates has achieved 100% renewable electricity for all Apple-related production.
The 2019 Green Bond has supported projects expected to mitigate more than 13.5 million metric tons of carbon dioxide over their lifetime. Proceeds from this bond contributed to Apple's investment in the China Clean Energy Fund.
Apple's efforts have resulted in a significant increase in operational renewable energy across its global supply chain. Since 2019, this energy has expanded five times over, now totaling 13.7 gigawatts. This represents more than 85% of Apple's direct manufacturing spend and more than 20 gigawatts in commitments.
Avary Holding, a Chinese supplier, is launching its own initiative to drive scalable action by having its suppliers adopt renewable energy and decarbonize. Additionally, nearly 70 suppliers in China are committed to 100% renewable electricity.
So far, Apple has disbursed over $3.2 billion of the $4.7 billion Green Bond commitment, with $700 million allocated to support 59 projects. These investments last year supported a wide range of environmental innovation across the business, including low-carbon design, energy efficiency, and the expansion of renewable energy in grids around the world.
This commitment to sustainability has resulted in 17.4 million metric tons of avoided carbon emissions last year. As Apple and its global suppliers continue to expand renewable energy, the impact on the environment and the fight against climate change will only grow.
While specific information about which companies in Germany participated in Apple's Supplier Clean Energy Program in 2023 was not available in the provided sources, the general programme involves suppliers committing to using 100% renewable energy.
The 2019 Green Bond supported the IP Radian Solar project in Brown County, Texas, which produces 320 megawatts of electricity, and the utility-scale battery at the California Flats Solar Project in Monterey County, California. These projects exemplify Apple's commitment to investing in renewable energy projects that make a significant impact on the environment.
Apple's green initiatives are a testament to the company's dedication to sustainability and its influence on the tech industry and beyond. As the world continues to grapple with climate change, Apple's efforts serve as a model for other companies to follow.
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