The Wall Street Journal: Apple launching $300 million fund to develop clean energy in China

Apple Inc. said it would launch a $300 million clean-energy fund for China with 10 of its suppliers, extending the U.S. tech giant’s commitment to China at a time of mounting trade tension between its home country and its most important overseas market.

The China Clean Energy Fund, which Apple AAPL, +1.68% said it and its partners will fund over four years, will invest in and develop-clean energy projects totaling more than 1 gigawatt of renewable energy in the country. Those investments will be used to power operations of the 10 participating suppliers, including Taiwan-based Pegatron Corp. 4938, +1.11% and Wistron Corp.

>>> Original Source <<<