The company's planned $4.7 billion Green Bond spend has funded 17 projects that will avoid 921,000 metric tons of carbon emissions annually, which is equivalent to removing nearly 200,000 cars from the road. The projects will generate 1.2 gigawatts of renewable energy globally, with Apple adding over 350 megawatts of newly installed renewable energy over the last year in Nevada, Illinois, Virginia, and Denmark.
“Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,” said Lisa Jackson, Apple’s vice president of Environment, Policy, and Social Initiatives. “We all have a responsibility to do everything we can to fight against the impacts of climate change, and our $4.7 billion investment of the proceeds from our Green Bond sales is an important driver in our efforts. Ultimately, clean power is good business."
Apple has issued three Green Bonds. In February 2016, the company issued its first $1.5 billion Green Bond, following up with a second of $1 billion in June 2017, and a third set (two bonds at 1 billion euros each) in November 2019.
Apple has allocated more than half of its total Green Bond spend — $2.8 billion — and will continue to invest in projects that address carbon emissions. Last July, the company unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030. Apple says it's already carbon neutral for its global corporate operations and aims that by 2030 every device sold will have net zero climate impact.
Apple’s Latest Investments in Renewable Energy
● Onsite solar project outside of Reno, Nevada: A 180-acre site located within the Reno Technology Park is now providing power to Apple’s Nevada data center. The project, recognized as “Utility-Scale Project of the Year” by Solar Builder magazine, has created 236 clean energy construction jobs of which more than 90 percent were filled by Nevada residents, and represents a more than $60 million investment in Washoe County. This site is delivering 50 megawatts of renewable power to Apple, joining the company’s three other Nevada projects that deliver 270 megawatts.
● Wind farm outside of Chicago: A 112-megawatt virtual power purchase agreement with this wind farm in Illinois covers Apple’s electricity use in the Chicago region. This project aggregated buyers, enabling other companies with less purchasing power to access the same high-quality renewable energy as Apple.
● Solar project in Fredericksburg, Virginia: Through an innovative agreement, Apple worked with Etsy, Akamai, and SwissRE to support the development of 165 megawatts of renewable power through a solar photovoltaic project outside Fredericksburg, Virginia, which is now delivering energy to the broader electric grid in the region.
● Largest onshore wind turbines in Denmark: Apple has completed construction of two of the world’s largest onshore wind turbines, a source of clean, renewable energy that is now operational. Located near the Danish town of Esbjerg, the 200-meter-tall turbines are expected to produce 62 gigawatt hours each year — enough to power almost 20,000 homes — and will act as a test site for powerful offshore wind turbines. The power produced at Esbjerg will support Apple’s data center in Viborg, with all surplus energy going into the Danish grid.
Apple’s annual impact report covers the allocation of its 2019 Green Bond proceeds to environmental projects that incurred spend between September 29, 2019, and September 26, 2020 — Apple’s 2020 fiscal year. The Green Bond Impact Report, Fiscal Year 2020 Update can be found at investor.apple.com.