Apple Partners With Goldwind In Four Chinese Wind Projects
December 12th, 2016 by Joshua S Hill
Apple has struck an agreement with one of the world’s leading wind turbine manufacturers, Chinese-based Xinjiang Goldwind Science & Technology, for a 30% stake in four separate wind projects being developed in China.
Goldwind made the announcement last week. Specifically, according to Goldwind, “The Company’s wholly owned subsidiary Beijing Tianrun New Energy Investment Co., Ltd. … and Apple agree to cooperate on wind power projects, and actively promote certain of the Company’s green power in local projects.”
Beijing Tianrun will transfer a 30% equity share of the Target Project Companies — subsidiaries set up to develop and operate a project — of four wind projects to Apple, which will make the four projects cooperative joint ventures between the two companies. The four companies/projects are as follows:
Nanyang Runtang New Energy Co., Ltd. in Henan ProvinceZibo Runchuan New Energy Co., Ltd. in Shandong ProvinceShuozhou Pinglu Sineng Wind Power Co., Ltd. in Shanxi ProvinceQiaojia Tianqiao Wind Power Co., Ltd. in Yunnan Province “We should help our supply chain become greener and more sustainable,” said Lisa Jackson, Apple’s vice president of environment, policy and social initiatives, according to Xinhua. “So, instead of giving them fish, we want to teach them how to fish.”
Apple has made much of its desire to go 100% renewable energy, and recently committed to RE100, The Climate Group’s 100% renewable energy campaign.
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