Apple to invest in solar projects in India

Wednesday 24th April 2024 08:08 EDT
 

It’s not just billions of dollars that Apple is churning out in India through production at factories, but the world’s most valuable electronics maker is also talking green. The company, which is likely to ring in $14 billion in India production this year, has decided to go green in India business, through renewable solar energy projects.

“To address its growing corporate operations in India, Apple has created a joint venture with leading renewable developer CleanMax to invest in a portfolio of six rooftop solar projects with a total size of 14.4 megawatts. The added capacity provides a local solution to power Apple’s offices, its two retail stores in the country and other operations in India,” the company said as part of its environment announcement around sustainability.

Highlighting its work in advancing water security in places in Telangana and Maharashtra, the company said it takes such initiatives in places where its business reaches. The efforts are done by collaboration across manufacturing supply chain, forging long term partnerships to restore ecosystems, addressing community water needs and improving climate resilience of watersheds.

Modelled after the company’s approach to renewable energy procurement, Apple is pursuing innovative strategies and long-term contracts aimed at delivering water benefits and savings across entire watersheds. Since 2023, Apple has so far committed over $8 million to replenish fresh water in high-stress watersheds. The projects announced today are expected to deliver a combined 6.9 billion gallons of water benefits over the next two decades.”


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