Apple Invests $99M in China Clean Energy Fund

Apple has announced an investment of 720 million yuan (approximately $99 million USD) to advance clean energy initiatives in China, as part of its commitment to transition its supply chain to 100% renewable energy by 2030. This funding marks the second phase of the China Clean Energy Fund, which aims to add 550,000 megawatt-hours of wind and solar energy annually to China's grid. The initiative began in 2018 and has already surpassed its initial goals by building over one gigawatt of renewable energy projects across China. Managed by Schroders, the fund also seeks to foster innovative collaborations with suppliers and generate financial returns for investors. Apple CEO Tim Cook, currently visiting China for the China Development Forum, underscored the significance of this initiative in supporting Apple's broader environmental goals. This move complements Apple's earlier announcement of a $500 billion investment in U.S. manufacturing and AI development.