Apple Is About to Shell Out $850 Million for Solar Energy

Its massive new installation will produce enough power to supply 60,000 California homes, says CEO Tim Cook.

This solar field at Apple Data Center in North Carolina, will be surpassed by the new California installation.Qi Heng/Xinhua/Zuma Press


On Tuesday, Apple CEO Tim Cook announced a massive new investment by the company in solar energy: an $850 million installation that will cover 1,300 acres in Monterey County, California. Apple is partnering with First Solar—the nation’s biggest utility-scale installer—on the project, which will produce enough power to supply 60,000 Californian homes, Cook said.

According to a press release from First Solar, Apple will receive 130 megawatts from the project under a 25-year deal, which the release describes as the largest such agreement ever.

Cook called it Apple’s “biggest, boldest and most ambitious” energy project to date, designed to offset the electricity needs of Apple’s new campus, the futuristic circular building designed by Norman Foster, and all of Apple’s California retail stores. “We know at Apple that climate change is real,” he said.

Cook made the announcement during a Goldman Sachs technology conference, and First Solar’s stocks shot up this afternoon on the news:

Apple has already made huge commitments to solar. The Guardian reported last year that the company planned to use solar power to manufacture its new “sapphire” screens for the iPhone 6 at a factory in Arizona. Last year, Climate Desk joined the Guardian during a press visit to the biggest solar field then in Apple’s portfolio. The Maiden, North Carolina, facility has 55,000 solar panels that track the sun across a nearly 100-acre field, offsetting the electricity sucked up by Apple’s data center across the road:

Apple’s new investment continues the startling growth of solar in America, which my colleague Tim McDonnell has reported on previously: By 2016, solar is projected to be as cheap or cheaper than electricity from the conventional grid in every state except three. Over the past decade, the amount of solar power produced in the United States has grown 139,000 percent.

In another portion of Cook’s appearance, the CEO boasted about the ways Apple’s new iWatch could help improve health by reminding you when you’ve become too sedentary:

Creepy, or cool?

More Mother Jones reporting on Climate Desk

Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate