Apple's $4.7 Billion Green Bond Spend is Helping to Create 1.2 Gigawatts of Clean Power

Apple®'s newly completed renewable projects, part of the company's planned $4.7 billion Green Bond spend, are bringing clean energy to local communities while reducing carbon emissions. In 2020, Apple funded 17 Green Bond projects that will avoid an average of 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's Green Bond issuances are among the largest in the private sector.

"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."

Since the historic climate change agreement at the 2015 United Nations Climate Change Conference (COP21) in Paris, Apple has invested the proceeds from three issuances of Green Bonds to support global efforts in carbon emissions reductions. In February 2016, the company issued its first $1.5 billion Green Bond, following up with its second round of $1 billion in June 2017 after the former US Administration's announcement of its intention to withdraw from the agreement reached at COP21. In November 2019, Apple issued its third set of Green Bonds and its first in Europe, with two bonds each at 1 billion euros (totaling approximately $2.2 billion USD).

In addition to those detailed in Apple's Green Bond Impact Report, the company has continued funding new projects that support low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation, and carbon sequestration. 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 is already carbon neutral today for its global corporate operations, and this new commitment means that by 2030, every Apple 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 .

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or call Apple's Media Helpline at (408) 974-2042.

© 2021 Apple Inc. All rights reserved. Apple and the Apple logo are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Press Contact:
Keri Fulton
Apple
keri_fulton@apple.com
240-595-2691

News Provided by Business Wire via QuoteMedia

The Conversation (0)

How Edge Devices Can Help Mitigate the Global Environmental Cost of Generative AI

QualcommExploring the role of edge devices in reducing energy consumption and promoting sustainability in AI systems

Written by Angela Baker

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Final Cut Pro transforms video creation with Live Multicam on iPad and new AI features on Mac

Final Cut Pro for iPad 2 delivers support for projects on external drives and Live Multicam to record multiple angles at once using the new Final Cut Camera app for iPhone and iPad; Final Cut Pro for Mac accelerates editing with new AI features

Apple® today introduced Final Cut Pro® for iPad® 2, bringing huge updates that unleash the remarkable capabilities of the new iPad Pro® and take creativity to the next level. Final Cut Pro for iPad 2 transforms iPad into a multicam production studio with Live Multicam, giving users the power to speed up their shoot by allowing them to connect and preview up to four cameras all at once, all in one place. 1 To support Live Multicam, Final Cut Camera™ — an all-new video capture app — comes to iPhone® and iPad, letting creators wirelessly connect and remotely direct each video angle with powerful pro controls. 2 Final Cut Camera also works as a standalone professional video capture app on iPhone and iPad. External project support gives users the flexibility to edit projects directly from an external drive, leveraging the fast Thunderbolt connection of iPad Pro. 3 Editing and finishing a project with Final Cut Pro on the new iPad Pro with the M4 chip is incredible, enabling users to color grade, apply multiple effects, and render graphically intense timelines even faster. Final Cut Pro for iPad 2 has even more customizable content for editing and creating unique projects, and leverages the advanced features of the all-new Apple Pencil Pro™ such as barrel roll and squeeze for Live Drawing.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple unveils stunning new iPad Pro with the world's most advanced display, M4 chip, and Apple Pencil Pro

Featuring a new thin and light design, breakthrough Ultra Retina XDR display, and outrageously fast M4 performance with powerful AI capabilities, the new iPad Pro takes a huge leap forward

Apple® today unveiled the groundbreaking new iPad Pro® in a stunningly thin and light design, taking portability and performance to the next level. Available in silver and space black finishes, the new iPad Pro comes in two sizes: an expansive 13-inch model and a super-portable 11-inch model. Both sizes feature the world's most advanced display — a new breakthrough Ultra Retina XDR™ display with state-of-the-art tandem OLED technology — providing a remarkable visual experience. The new iPad Pro is made possible with the new M4 chip, the next generation of Apple silicon, which delivers a huge leap in performance and capabilities. M4 features an entirely new display engine to enable the precision, color, and brightness of the Ultra Retina XDR display. With a new CPU, a next-generation GPU that builds upon the GPU architecture debuted on M3, and the most powerful Neural Engine yet, the new iPad Pro is an outrageously powerful device for artificial intelligence. The versatility and advanced capabilities of iPad Pro are also enhanced with all-new accessories. Apple Pencil Pro™ brings powerful new interactions that take the pencil experience even further, and a new thinner, lighter Magic Keyboard® is packed with incredible features. The new iPad Pro, Apple Pencil Pro, and Magic Keyboard are available to order starting today, with availability in stores beginning Wednesday, May 15.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Logic Pro takes music-making to the next level with new AI features

Session Players, Stem Splitter, and ChromaGlow make Logic Pro for iPad and Mac smarter than ever

Apple® today unveiled the all-new Logic Pro® for iPad® 2 and Logic Pro for Mac® 11, delivering breakthrough professional experiences for songwriting, beat-making, producing, and mixing. Powered by artificial intelligence, the new Logic Pro introduces incredible studio assistant features that augment the music-making process and provide artists help right when they need it — all while ensuring they maintain full creative control. These features include Session Players, which expand the popular Drummer capabilities in Logic Pro to include a new Bass Player and Keyboard Player; Stem Splitter, to extract and work with individual parts of a single audio recording; and ChromaGlow™, to instantly add warmth to tracks. Logic Pro for iPad 2 and Logic Pro for Mac 11 will be available on the App Store® starting Monday, May 13.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple unveils stunning new iPad Pro with the world's most advanced display, M4 chip, and Apple Pencil Pro

Featuring a new thin and light design, breakthrough Ultra Retina XDR display, and outrageously fast M4 performance with powerful AI capabilities, the new iPad Pro takes a huge leap forward

Apple® today unveiled the groundbreaking new iPad Pro® in a stunningly thin and light design, taking portability and performance to the next level. Available in silver and space black finishes, the new iPad Pro comes in two sizes: an expansive 13-inch model and a super-portable 11-inch model. Both sizes feature the world's most advanced display — a new breakthrough Ultra Retina XDR™ display with state-of-the-art tandem OLED technology — providing a remarkable visual experience. The new iPad Pro is made possible with the new M4 chip, the next generation of Apple silicon, which delivers a huge leap in performance and capabilities. M4 features an entirely new display engine to enable the precision, color, and brightness of the Ultra Retina XDR display. With a new CPU, a next-generation GPU that builds upon the GPU architecture debuted on M3, and the most powerful Neural Engine yet, the new iPad Pro is an outrageously powerful device for artificial intelligence. The versatility and advanced capabilities of iPad Pro are also enhanced with all-new accessories. Apple Pencil Pro™ brings powerful new interactions that take the pencil experience even further, and a new thinner, lighter Magic Keyboard® is packed with incredible features. The new iPad Pro, Apple Pencil Pro, and Magic Keyboard are available to order starting today, with availability in stores beginning Wednesday, May 15.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple unveils the redesigned 11-inch and all-new 13-inch iPad Air, supercharged by the M2 chip

Now available in two sizes, iPad Air is more powerful and versatile than ever with phenomenal performance and AI capabilities, a new landscape front camera, and faster Wi-Fi, along with support for Apple Pencil Pro

Apple® today announced the redesigned 11-inch and all-new 13-inch iPad Air®, supercharged by the M2 chip. Now available in two sizes for the first time, the 11-inch iPad Air is super-portable, and the 13-inch model provides an even larger display for more room to work, learn, and play. Both deliver phenomenal performance and advanced capabilities, making iPad Air more powerful and versatile than ever before. Featuring a faster CPU, GPU, and Neural Engine in M2, the new iPad Air offers even more performance and is an incredibly powerful device for artificial intelligence. The front-facing Ultra Wide 12MP camera with Center Stage™ is now located along the landscape edge of iPad Air, which is perfect for video calls. It also includes faster Wi-Fi, and cellular models include super-fast 5G, so users can stay connected on the go. With a portable design, all-day battery life, a brilliant Liquid Retina® display, and support for Apple Pencil Pro™, Apple Pencil® (USB-C), and Magic Keyboard®, iPad Air empowers users to be even more productive and creative. The new iPad Air is available in new blue and purple finishes, along with starlight and space gray. The 11-inch iPad Air still starts at just $599, and the 13-inch iPad Air is a fantastic value at just $799. Customers can order the new iPad Air today, with availability beginning Wednesday, May 15.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×