Apple enters JV with CleanMax to invest into rooftop solar projects in India
Apple has formed a joint venture with renewable energy developer CleanMax to invest in six rooftop solar projects to power its India operations, the US company said Wednesday.
The solar project will have a total size of 14.4 megawatts, which will provide a local solution to power the company’s offices and the two retail stores in Mumbai and New Delhi, the Cupertino-based smartphone major said in a statement.
The company didn’t provide any financial details.
The announcement comes amidst a global ramp-up in investments in clean energy and water around the world by Apple, with the goal to be carbon neutral across its entire value chain by the end of this decade.
More than 18 gigawatts of clean electricity now power Apple’s global operations and manufacturing supply chain, more than triple the amount in 2020, the company said.
As part of its broader environmental efforts, Apple also advanced progress toward another ambitious 2030 goal: to replenish 100 percent of the freshwater used in corporate operations in high-stress locations.
The company has initiatives to replenish fresh water reserves in Telangana and Maharashtra, Apple said.
Last year, Apple achieved its target for 100 percent water replenishment for the company’s corporate operations in India through its ongoing work with Uptime Catalyst Facility, the company said.
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 in the performance-based
