{"id":459334,"date":"2021-03-17T03:03:25","date_gmt":"2021-03-17T07:03:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459334"},"modified":"2021-03-17T03:03:25","modified_gmt":"2021-03-17T07:03:25","slug":"apples-4-7-billion-green-bond-spend-is-helping-to-create-1-2-gigawatts-of-clean-power","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/apples-4-7-billion-green-bond-spend-is-helping-to-create-1-2-gigawatts-of-clean-power\/","title":{"rendered":"Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power"},"content":{"rendered":"

<\/p>\n

Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power<\/b><\/p>\n

CUPERTINO, Calif.–(BUSINESS WIRE<\/a>)–
\nApple\u00ae\u2019s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. Apple\u2019s Green Bond issuances are among the largest in the private sector.\n<\/p>\n

\n\u201cApple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,\u201d said Lisa Jackson, Apple\u2019s vice president of Environment, Policy, and Social Initiatives. \u201cWe 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.”\n<\/p>\n

\nSince the historic climate change agreement at the 2015 United Nations Climate Change Conference (COP21) in Paris, Apple has invested the proceeds from three issuances of Green Bonds to support global efforts in carbon emissions reductions. In February 2016, the company issued its first $1.5 billion Green Bond, following up with its second round of $1 billion in June 2017 after the former US Administration\u2019s announcement of its intention to withdraw from the agreement reached at COP21. In November 2019, Apple issued its third set of Green Bonds and its first in Europe, with two bonds each at 1 billion euros (totaling approximately $2.2 billion USD).\n<\/p>\n

\nIn addition to those detailed in Apple\u2019s Green Bond Impact Report, the company has continued funding new projects that support low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation, and carbon sequestration. Apple has allocated more than half of its total Green Bond spend \u2014 $2.8 billion \u2014 and will continue to invest in projects that address carbon emissions. Last July, the company unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. Apple is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple device sold will have net zero climate impact.\n<\/p>\n

Apple\u2019s Latest Investments in Renewable Energy<\/b><\/p>\n

Onsite<\/b>solar project outside of Reno, Nevada:<\/b> A 180-acre site located within the Reno Technology Park is now providing power to Apple’s Nevada data center. The project, recognized as \u201cUtility-Scale Project of the Year\u201d by Solar Builder magazine, has created 236 clean energy construction jobs of which more than 90 percent were filled by Nevada residents, and represents a more than $60 million investment in Washoe County. This site is delivering 50 megawatts of renewable power to Apple, joining the company\u2019s three other Nevada projects that deliver 270 megawatts.\n<\/p>\n

Wind farm outside of Chicago:<\/b> A 112-megawatt virtual power purchase agreement with this wind farm in Illinois covers Apple\u2019s electricity use in the Chicago region. This project aggregated buyers, enabling other companies with less purchasing power to access the same high-quality renewable energy as Apple.\n<\/p>\n

Solar project in Fredericksburg, Virginia: <\/b>Through an innovative agreement, Apple worked with Etsy, Akamai, and SwissRE to support the development of 165 megawatts of renewable power through a solar photovoltaic project outside Fredericksburg, Virginia, which is now delivering energy to the broader electric grid in the region.\n<\/p>\n

Largest onshore wind turbines in Denmark<\/b>: Apple has completed construction of two of the world\u2019s largest onshore wind turbines, a source of clean, renewable energy that is now operational. Located near the Danish town of Esbjerg, the 200-meter-tall turbines are expected to produce 62 gigawatt hours each year \u2014 enough to power almost 20,000 homes \u2014 and will act as a test site for powerful offshore wind turbines. The power produced at Esbjerg will support Apple\u2019s data center in Viborg, with all surplus energy going into the Danish grid.\n<\/p>\n

\nApple\u2019s annual impact report covers the allocation of its 2019 Green Bond proceeds to environmental projects that incurred spend between September 29, 2019, and September 26, 2020 \u2014 Apple\u2019s 2020 fiscal year. The Green Bond Impact Report, Fiscal Year 2020 Update can be found at investor.apple.com<\/a>.\n<\/p>\n

\nApple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple\u2019s five software platforms \u2014 iOS, iPadOS, macOS, watchOS, and tvOS \u2014 provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple\u2019s more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.\n<\/p>\n

\nNOTE TO EDITORS: For additional information visit Apple Newsroom (www.apple.com\/newsroom<\/a>), or call Apple\u2019s Media Helpline at (408) 974-2042.\n<\/p>\n

\n\u00a9 2021 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210317005296\/en\/<\/a><\/span><\/p>\n

Press Contact:
\n<\/b>
Keri Fulton
\n
Apple
\n
keri_fulton@apple.com
\n<\/a>
240-595-2691\n<\/p>\n

KEYWORDS:<\/b> Europe Denmark United States North America Nevada Illinois California Virginia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Environment Technology Finance Professional Services Alternative Energy Software Energy Hardware Consumer Electronics<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power CUPERTINO, Calif.–(BUSINESS WIRE)– Apple\u00ae\u2019s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. Apple\u2019s Green Bond issuances are among the largest in the private sector. \u201cApple … <\/p>\n

Continue reading “Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459334","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nApple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/apples-4-7-billion-green-bond-spend-is-helping-to-create-1-2-gigawatts-of-clean-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Apple\u2019s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power CUPERTINO, Calif.–(BUSINESS WIRE)– Apple\u00ae\u2019s newly completed renewable projects, part of the company’s planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark. 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