Apple Inc to play an important role in a massive solar power initative

Apple Inc, Akamai, and Swiss Re have acknowledged starting 2 new wind and solar energy farms in Illinois and Virginia, To fulfill their energy requirements in the eastern United States.

This project will generate 290 megawatts to the PJM electric grid, in order to satisfy the energy demand of eastern United States, including areas of Virginia, Illinois, New Jersey, and Mary-land. By collaborating with Apple Inc, Akamai, Swiss Re, and Etsy are able to obtain Wind, Solar power at competitive prices and agreement terms.

The 290 megawatts generated will be used to perform company operations, it can be used to provide energy services to 74,000 homes if used otherwise.

Lisa Jackson, Apple Inc’s Vice president of Environment, policy and social initiatives, told that Apple is proud to 100% use renewable energy to power all their operations, In this initiative, Apple has collaborated with other companies and organizations in order to help them also to transit their operations to use greener power.

Swiss Re group is an insurance company founded in 1863 and headquartered in Zurich, Switzerland, Provide insurance services to various prospects like Climate change, Aging population, Natural catastrophes, and cybercrime. The Swiss Re Group operates through 80 different offices across the globe.

Brian Beebe, Head of organizations North America, Weather and Energy, Swiss Re Corporate solutions, Said Swiss Re is happy to be a part of this collaboration as Swiss Re aims to reduce its carbon footprint and support the use of renewable energy, also hopes to speed up the acquisition of these clean renewable energies through Swiss Re Corporate Solutions’ innovative insurance services, to help owners of solar and wind plants with the risk of decrease in cash flow.

Akamai has been a part of Apple’s content delivery for some time. The company has 200,000 servers across 130 countries, including a large facility in Virginia that can be serviced by the power deal.

sPower is the largest private owner of operating solar assets in the United States. The company has a development pipeline of more than 10 gigawatts, also own and operates a portfolio of assets worth 1.3 gigawatts. The AES Corporation headquartered in Arington, Virginia, and Alberta investment management Corporation, One of Canada’s largest and diversified institutional fund managers, Both these companies together own sPower through a joint ventures partnership.  

Ryan Creamer, CEO of sPower said, sPower commends Apple’s leadership in this collaboration between Akamai, Etsy, and also said this project wouldn’t have been possible without these forward-thinking companies.  

This move may be self-serving to Apple beyond environmental care. The is also looking at 3 locations to set up their 2nd headquarters in or near DC metropolitan areas.  

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