Apple Moves to Invest in Wind Turbines



 
Despite its latest development in Smartphones and Computers, one may think that Apple is only interested in gadgets, but latest trend in the Company has shown otherwise.
The tech giant is investing in the Chinese wind power industry, in its bid to help the world's most populous country achieve its goal of getting 100% of its energy from renewable sources.
The Company struck a deal this week to buy a 30% stake in three subsidiaries of Goldwind, China's biggest wind-turbine manufacturer.
The amount of money involved is however not stated, but it's Apple (AAPL, Tech30)'s largest clean energy project to date and the first of its kind in the wind power sector, Lisa Jackson, vice president of Apple's environment initiatives, told state-run newspaper China Daily.
Many Apple (AAPL, Tech30) products are made in China, and the country accounts for about one fifth of the company's sales.
Apple's moves into renewable energy are an attempt to compensate for the large amount of energy electronics manufacturers use, as Environmental group Greenpeace has warned that electronics manufacturing uses a lot of energy in China, drawing on the country's high number of polluting coal power stations. The Company in 2015 announced a series of solar projects, including one in the mountains of Sichuan Province where the panels were designed so that the local yak population could graze among them. It's also pushing its Chinese suppliers to use more clean energy.
The wind project is expected to add 285 megawatts of clean energy to China's grid, which Apple says will offset some of the other sources used by its operations and those of its immediate suppliers Foxconn, Lens, Catcher and Solvay.

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