Apple has formed a joint venture with renewable energy provider CleanMax to invest in six rooftop solar projects with total capacity of 14.4 megawatts (MW). Besides accelerating the development of renewable energy projects across India, the JV will help provide clean power to Apple’s offices and the two retail stores in the country.
The accruing benefits from the financed projects will assist Apple in addressing the emissions associated with its corporate operations in India.
The US tech giant first achieved 100% renewable energy for its global corporate operations in 2018. At present, more than 18 gigawatts (GW) of clean electricity power Apple’s global operations and manufacturing supply chain, more than triple the amount in 2020, the tech giant said in a post in Apple Newsroom.
Sharing its commitment to 2030 climate goal, the company said clean energy and water are essential building blocks for a responsible business. “We’re racing toward our ambitious Apple 2030 climate goal while taking on the long-term work to transform electrical grids and restore watersheds to build a cleaner future for all,” said Lisa Jackson, Apple’s vice president of evironment, policy and social initiatives.
CleanMax – a leading renewable energy provider in the commercial and industrial sector across Asia, has successfully installed 14.4 MW of rooftop solar in six industrial sites in India as part of its partnership with Apple. These installations are expected to mitigate around 207,000 tonne of carbon dioxide emissions throughout their operational life.
“CleanMax is proud of its joint venture with Apple. Our mission is to be sustainability partner to corporates, and we consider this JV to be a big milestone in our journey,” said MD Kuldeep Jain. “It showcases an industry-leading approach to the creation of green energy assets. The growing interest from other consumer brands in such joint ventures is a positive sign of the shift towards sustainability.”
CleanMax presently has a portfolio of 2 GW of operating renewable assets and a clientele exceeding 750 across various industries.
The partnership is expected to enable industries to transition towards renewable energy sources and optimise their energy expenses by facilitating access to renewable energy financing.