During the Goldman Sachs Technology and Internet conference, Tim Cook said that Apple is putting a massive $848 million into solar energy.
According to Cook, Apple is going to invest $848 million into building a 1,300-acre solar farm in Monterey, California, in partnership with Arizona-based First Solar. As per the partnership, Apple will get electricity from the farm at a fixed rate for 25 years.
Tim Cook says the power they’re getting from the farm will be be enough to power Apple’s new campus, its existing California offices, and all of its California retail stores. The construction is expected to begin in mid-2015, and it should be finished by the end of 2016.
Cook told attendees the following:
“We know at Apple that climate change is real. The time for talk has passed and the time for action is now.”
Apple’s new campus is expected to be open in late 2016 and it's great to hear that Apple will be using green energy for it. As a matter of fact, if you weren't aware, Apple has a special webpage called Environment, so go ahead and have a look at it to know more of the company's green practices.