solar 8.27 10.8 GettyImages
PRITZWALK, GERMANY - SEPTEMBER 12: A photovoltaic cell lies on a table at the Aleo factory on September 12, 2012 in Pritzwalk, Germany. Aleo, which is owned by German engineering group Bosch, is fairing better than many of its competitors but a spokesman admitted the company is also suffering from the gradual reduction of the feed-in compenstation rates set by the German government, which gurantee fixed prices for electricity delivered into the German electricity grid. Several other solar industry firms in eastern Germany, including Q.Cells, Sovello and Solarwatt AG, have gone into bankruptcy this year. Aleo mainly produces solar panels installed on the roofs of residential houses. (Photo by Sean Gallup/Getty Images)

Green Apple

Apple joins Walmart and other corporate green energy pioneers

Apple is joining the ranks of Walmart, Google and others in becoming an electric wholesaler in its bid to become ever more reliant on green energy, the New York Times reports.

“As a wholesaler, Apple could reduce the cost of its electricity load, which reached 831 million kilowatt-hours in the last fiscal year — enough to power about 76,000 homes for a year,’ the Times reported. “...like a growing number of corporations, Apple is intent on reducing carbon dioxide emissions from electricity production.”

Apple has agreed to pay $848 million over 25 years to start taking half the power of First Solar’s new California Flats solar energy farm. That is one of the largest commercial clean energy deals – ever.

The Times reports:

“In the United States, the generating capacity of corporate clean energy projects has more than doubled each year since 2013, according to the Business Renewables Center at the Rocky Mountain Institute, which tracks publicly announced deals. In 2015, 11 companies signed up for 3.23 gigawatts’ worth of projects, roughly the equivalent of five coal plants and up from 1.18 gigawatts the year before.”

 

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