‘Green’ Apple: Company to invest in solar projects in India
NEW DELHI: It’s not just billions of dollars that Apple is churning out in India through production at factories, but the world’s most valuable electronics maker is also talking green. The company, which is likely to ring in $14 billion in India production this year, has decided to go green in India business, through renewable solar energy projects.
“To address its growing corporate operations in India, Apple has created a joint venture with leading renewable developer CleanMax to invest in a portfolio of six rooftop solar projects with a total size of 14.4 megawatts. The added capacity provides a local solution to power Apple’s offices, its two retail stores in the country and other operations in India,” the company said as part of its environment announcement around sustainability.
Highlighting its work in advancing water security in Telangana and Maharashtra, the company said it takes such initiatives in places where its business reaches. The efforts are done by collaboration across manufacturing supply chain, forging long-term partnerships to restore ecosystems, addressing community water needs and improving climate resilience of watersheds.
“Since water impacts are felt locally, Apple has initiated fresh water replenishment work in some of the highest-stress locations where the company operates – including Northern and Southern California, Arizona’s Colorado River Basin, and Indian states of Telangana and Maharashtra. Modelled after the company’s approach to renewable energy procurement, Apple is pursuing innovative strategies and long-term contracts aimed at delivering water benefits and savings across entire watersheds. Since 2023, Apple has so far committed over $8 million to replenish fresh water in high-stress watersheds. The projects announced today are expected to deliver a combined 6.9 billion gallons of water benefits over the next two decades.”
Last year, the company achieved its target for 100% water replenishment for its corporate operations in India. “In 2023, Apple’s support provided 23 million gallons of clean, affordable drinking water to communities from over 300 water kiosks run by local entrepreneurs.”
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