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Bloomberg News.
The company has created a $ 300 million investment fund to support clean energy initiatives in this country, one of the most polluting, but where renewable sources are the most flourishing.
Expansion of its environmental initiatives, Apple announced a $ 300 million fund to promote clean energy in China
The iPhone maker said to create the fund to boost the electricity business. use of renewable energy in its supply chain, which is widely distributed in different parts of China. The company and 10 of its key suppliers and industrial partners, such as Corning Inc., Pegatron Corp., Wistron Corp. and Luxshare Precision Industry Co., will contribute to the fund over the next four years, the company said in a statement on Thursday. in Cupertino, California
Read also: Apple manages 100% of its operations with renewable energy
The fund will be managed by DWS Group GmbH & Co., the subsidiary of Deutsche Bank AG dedicated to the management of assets. In turn, DWS will invest in the fund.
The money will be used to develop projects for a total of one gigawatt of renewable energy in China, said Apple. In 2015, the company is committed to using clean energy in its supply chain and said that it hopes to generate 4 gigawatts of renewable energy in the world by 2020, an increase from the target of 3 gigawatts announced this year.
At this time, Apple uses renewable energy in 100% of its factories around the world. This year, the company also helped Alcoa Corp. aluminum supplier. and Rio Tinto Aluminum to launch the development of a new technology capable of eliminating greenhouse gases during production, which is predicted to be ready by 2024.
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