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Apple invests in Goldwind

Saturday, 10 December 2016

wind farm

SHANGHAI: Apple has struck a partnership with the world’s largest wind turbine maker marking the tech giant’s largest clean energy project to date. 

It bought a 30% stake in subsidiaries of China-based Goldwind to run four projects that will produce 285 megawatts of power.  

The projects are located in Henan, Shandong, Shanxi and Yunnan provinces, Goldwind said in a statement to the Shenzhen stock exchange.  

Apple is striving to improve the environmental impact of its supply chain, which is responsible for more than 70% of its total carbon footprint, the official Xinhua news agency reported.

CEO Tim Cook had previously announced Apple would boost the efficiency of its manufacturing partners in China by building solar projects and other sources of clean energy.

Apple has previously backed a 40-megawatt solar power project in the southwestern province of Sichuan and three solar power projects capable of generating 170 megawatts of power in the country’s Inner Mongolia Autonomous region.  

Goldwind fell 0.64% on the Shenzhen stock exchange and 0.16% in Hong Kong, where it is also listed, by closing Dec 9. 

The company, which is based in the northwestern region of Xinjiang, employs over 6,000 people worldwide and has a total production capacity of 32 gigawatts.

Source by: Internet

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