Apple is spending $850 million on a solar farm on Monterey County, California. This will be used to power its operations in the state, and will produce enough power for around 60,000 homes.
It’s going to be a jaw-dropping 1,300 acres of land, packed with solar panels. It hammers home the message that Apple has climate change as one of its main concerns (outside of making more money than any company in history). Tim Cook addressed attendees of the Goldman Sachs Technology and Internet Conference.
“We are doing this because it’s right to do, but you may also be interested to know that it’s good financially to do it. We expect to have a very significant savings, because we have a fixed price for the renewable energy, and there’s quite a difference between that price and the price of brown energy.”
It’s great to see a company not just paying lip-service to tackling global warming, but investing heavily in technology and facilities that help prevent it. This has been one of the issues high up on the agenda since Tim Cook took over as CEO of the company. One can only hope that more companies follow suit and invest in renewable energy.