Apple and Chinese wind turbine maker Xinjiang Goldwind Science & Technology have agreed to cooperate on wind projects in China.
Under the partnership, Hong Kong-listed Goldwind will transfer to Apple a 30 percent equity stake in four project companies, including Nanyang Runtang New Energy Company, Zibo Runchuan New Energy, Shuozhou Pinglu Sineng Wind Power and Qiaojia Tianqiao Wind Power. Upon completion of the stake transfers, the companies will become cooperative joint ventures, Goldwind said in a filing with the Hong Kong Stock Exchange.
Goldwind became the world’s largest wind turbine maker last year, replacing Vestas by supplying 12.5 percent of the 63GW of new wind capacity installed in 2015, according to FTI Intelligence.
“The company and Apple also intend to look for other opportunities to collaborate, including with respect to the direct supply and purchase of green power by Apple’s manufacturing partners,” added Goldwind.
Apple is currently developing 200MW of solar in China, including a 170MW solar project in Inner Mongolia, while working with its suppliers to install more than 4GW of new clean energy globally, 2GW of which will be installed in China by 2020. Over the next two years, 400MW of solar will be added to supplier Foxconn’s iPhone production facility in Zhengzhou.
The company is committed to powering all of its facilities around the world with 100 percent renewable energy. Currently, it is powering its operations in the US, China and 21 other countries solely with renewable energy sources.