Zhonghuan Semiconductor subsidiary, Zhonghuan Energy is working on three solar PV projects totaling 20 MW, 50 MW and 100 MW, respectively, in the northern Chinese territory of Inner Mongolia.
Apple Inc. will invest around 40% of the required RMB 659 million (around US$103.16 million), while Zhonghuan Energy, the main shareholder, and SunPower provided the remaining capital.
This is not the first time Apple has been involved in Chinese solar projects. This April, the tech giant invested in two PV projects in the western Chinese province of Sichuan, alongside Sichuan Shengtian New Energy, another subsidiary of Zhonghuan Semiconductor.
In the U.S., meanwhile, Apple signed a 25 year PPA with First Solar for a 130 MW Californian PV plant, at an investment of around $848 million. It is aiming to power all its facilities with 100% renewable energy.
Edited by Becky Beetz