Apple Invests $99 Million in Second Phase of China Clean Energy Fund

The initiative aims to boost renewable energy capacity and aligns with Apple's goal of a 100% renewable supply chain by 2030.

Apple has committed 720 million yuan (approximately $99 million) to the second phase of its China Clean Energy Fund.
The fund aims to add 550,000 megawatt-hours of wind and solar capacity annually to China's energy grid.
The first phase of the fund exceeded its goal, building over 1 gigawatt of renewable energy projects across 14 Chinese provinces.
Approximately two-thirds of Apple's production in China already relies on renewable energy, advancing its 2030 carbon neutrality goal.
Apple CEO Tim Cook is visiting China, attending the China Development Forum, and announcing new educational initiatives, including rural teacher training programs.