Tuesday, February 10, 2015

Apple Signs $848 million Power Purchase Deal with First Solar

Apple has committed $848 million to purchase clean energy from First Solar's California Flats Solar Project in Monterey County, California.

Under the largest power purchase agreement (PPA) to date for the high-tech industry, Apple will receive 130 megawatts (MW) AC from the new facility over a 25-year commitment. Pacific Gas & Electric will acquire the remaining production capacity of the solar farm. Construction is expected to start this year with completion slated for next year.

"Apple is leading the way in addressing climate change by showing how large companies can serve their operations with 100 percent clean, renewable energy," said Joe Kishkill, Chief Commercial Officer for First Solar.



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