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.”