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Date: 27 May 2021
Apple Says Funded 17 Green Bond Projects In 2020
CUPERTINO (dpa-AFX) - Apple Inc. (AAPL) said Wednesday that it funded 17 Green Bond projects in 2020 that will avoid an average of 921,000 metric tons of carbon emissions annually, which is equivalent to removing about 200,000 cars from the road.
The company said it allocated $2.8 billion, which was more than half of its total green bond spend of $4.7 billion, for the green bond projects. It will continue to invest in projects that address carbon emissions.
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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Apple’s $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power
March 17, 2021 GMT
CUPERTINO, Calif. (BUSINESS WIRE) Mar 17, 2021
Apple®’s 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’s Green Bond issuances are among the largest in the private sector.
/EIN News/ Las Vegas, March 17, 2021 (GLOBE NEWSWIRE)
New solar facility provides clean energy to Apple’s Nevada data center, located in the Reno Technology Park
McCarthy Building Companies’ Renewable Energy & Storage group recently completed construction of the Turquoise Solar Project in Washoe County, Nevada. The new 61 MWdc solar farm is located on approximately 180 acres in the Reno Technology Park a 2,200-acre master planned industrial park shared between Apple and Turquoise Solar, who own approximately 1,600 and 600 acres, respectively.
Within the Park, the Turquoise Solar Project is owned by Greenbacker Renewable Energy Company (“GREC”), a utility-scale renewable energy development company. Upon completion, the project became the largest operating solar project in GREC’s portfolio. The project was also recently awarded “Utility-Scale Project of the Year” in