Feb 16, 2015 by admin Category: News 0 comments

Apple is Investing $3 Billion in Solar Energy

“Our view is that the time for talk has passed, and the time for action is now. We’ve shown that with what we’ve done.”
Sundrop Solar Residential PV Solar - Apple invest in pv solar energy

Apple is going all-in on solar energy, to the tune of nearly $3 billion for solar facilities in California and Arizona.

First, the company this week said it will partner with First Solar on a 2,900-acre solar farm in Monterey County, California. Apple has committed $848 million for clean energy from the California Flats solar farm, First Solar said in a press release.

The company will receive electricity from 130 megawatts of the solar project under a 25-year power purchase agreement, which First Solar called “the largest agreement in the industry to provide clean energy to a commercial end user.” Project construction will begin later this year, and completion is scheduled for the end of 2016.

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