Apple Spends $2.5bn On Environmental Initiatives To Top Its Clean Energy Goal

Data Economy | April 17, 2019

Apple will exceed its goal of bringing four gigawatts of renewable energy into its supply chain by 2020, with over an additional gigawatt projected within that timeframe. Tech giant Apple (NASDAQ: AAPL) revealed that it has nearly doubled the number of suppliers that have committed to run their Apple production on 100% clean energy, bringing the total number to 44. This announcement comes one year after Apple revealed that all of its global facilities are powered by 100% renewable energy. “Every time one of our suppliers joins us in our efforts to address climate change, we move closer to a better future for the next generation,” said Lisa Jackson, Apple’s vice president of Environment, Policy and Social Initiatives. “We’ve made it a priority to hold our suppliers accountable to the same environmental standards we observe and hope that our collaboration will show others what is possible.

Spotlight

As a part of its Paris Agreement commitments, the Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022.

Spotlight

As a part of its Paris Agreement commitments, the Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022.

Related News

SOLAR+STORAGE

United Renewable Energy and New Energy Equity have Built 4.3 MW of Community Solar Gardens in Minnesota

United Renewable Energy | May 07, 2021

United Renewable Energy® (URE)®, a national EPC supplier, collaborated with their development partner, New Energy Equity (New Energy), to introduce three more community solar gardens to Minnesota's solar development portfolio. The three sites, totaling more than 4.3 MW DC and based in North Branch, Lindstrom, and Cokato, are estimated to generate 5,980 MWh of renewable energy in their first year. This amount of renewable energy is enough to fuel nearly 600 average homes and will be available for subscription to local businesses and school districts. Subscribers can collect utility bill credits for the electricity generated by the gardens, allowing them to take advantage of solar energy without having to buy, maintain, or install solar panels on their property. In Minnesota, New Energy Equity has built over 130 projects totaling more than 160 MW. United Renewable Energy has built more than 40 MW of projects in Minnesota as part of their alliance with New Energy Equity. URE was in charge of the engineering, procurement, and maintenance of these projects. "We are committed to delivering the best, highest-quality, and least-expensive solar and energy storage installations possible. This portfolio of ventures with New Energy Equity is an excellent example of a fruitful collaboration that brings ongoing benefits to host communities and subscribers," said Keith Herbs, Executive Vice President of URE. In addition, Kenyon Energy, a leading developer, owner, and operator of solar energy projects in the United States will provide long-term funding for the projects. The three community solar gardens were built by New Energy Equity. "We are proud to be a leading developer in Minnesota's continuing transition of its energy grid toward cleaner and more cost-effective energy, assisting the State and our solar garden customers in achieving their respective sustainability goals," says Matthew Hankey, President, and CEO of New Energy Equity. In addition to these three successful ventures, the URE and New Energy teams have partnered on a pipeline of additional MN Community Solar Gardens that will be built in 2021 and 2022, creating additional construction jobs and providing low-cost, renewable energy for the region. About United Renewable Energy United Renewable Energy® (URE®) is an engineering, procurement, and construction firm that specializes in the development of utility-scale photovoltaic plants and energy storage systems. In Solar Power World's "2019 Top Solar Contractors" ranking, URE was listed as one of the top 15 utility-scale EPCs. URE is committed to the innovative design and implementation of solar energy systems and energy storage projects of the highest standard, efficiency, and safety About New Energy Equity New Energy Equity, headquartered in Annapolis, Maryland, was established in 2013 and develops and funds solar power generation assets that provide renewable electricity to private, retail, public, and utility customers through long-term contracts. Since 2013, New Energy Equity has successfully built over 250MW of solar projects. On Solar Power World's "2019 Top Solar Contractors" list, the firm was ranked sixth, and Inc. Magazine named it one of the fastest-growing energy firms in D.C., Maryland, and Virginia in 2020. About Kenyon Energy Kenyon Energy is a leading US financier, owner, and developer of solar energy ventures. Kenyon Energy takes great pride in delivering outstanding customer service while creating cost-effective, turnkey, and innovative renewable energy technologies for a wide range of clients, including utilities, municipalities, schools and universities, federal and state government facilities, small and large manufacturing plants, and Fortune 500 companies.

Read More

SOLAR+STORAGE

Scatec awarded solar projects totaling 273 MW in the REIPPP Round 5 government tender in South Africa

Scatec | November 01, 2021

Scatec has been awarded Preferred Bidder status on three solar projects totaling 273 MW, by the Department of Mineral Resources and Energy in South Africa under the Renewable Energy IPP Procurement Programme (REIPPP). “This is another great milestone for Scatec in South Africa and for renewable energy in the country. We are pleased with the South African government’s commitment to the REIPPP programme and their announcement within the set timeframe. Today’s award is a manifestation of our position in South Africa as the leading solar IPP. “ Raymond Carlsen, CEO, Scatec Under the programme Scatec will sell power from the solar plants under a 20-year Power Purchase Agreement. Scatec will own 51% of the equity in the projects with H1 Holdings, our local Black Economic Empowerment partner owning 46,5% and a Community Trust holding 2.5%. Scatec will be the Engineering, Procurement and Construction (EPC) provider and provide Operation & Maintenance as well as Asset Management services to the power plants. Financial close is expected in the first half of 2022 with grid connection and commercial operation by the end of 2023. About Scatec ASA Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’.

Read More

Canadian Solar to Provide a 75 MW / 300 MWh Energy Storage System to the Mustang Solar Project in California

Canadian Solar Inc. | October 22, 2020

Canadian Solar Inc. (the "Company", or "Canadian Solar"), announced today that it has closed a supply contract and long term service agreement with Goldman Sachs Renewable Power LLC, part of the Renewable Power Group of Goldman Sachs Asset Management ("Goldman Sachs"), to deliver and integrate a 75 MW / 300 MWh lithium-ion battery storage solution into the 100 MWac Mustang solar plant in California. The 75 MW or 4-hour 300 MWh energy storage system is a retrofit addition to the Mustang solar plant in King's County, California, which was originally developed by Canadian Solar's wholly owned subsidiary Recurrent Energy, LLC ("Recurrent Energy"). The solar plant was connected to the grid in August 2016 and the project's equity stake was later sold to Goldman Sachs in May 2019.

Read More