By Bill DiBenedetto / Source: TriplePundit

Apple

Apple is going all-in on solar energy, to tune of nearly $3 billion for solar facilities in California and Arizona.

First, the company this week said it will partner with First Solar on a 2,900-acre solar farm in Monterey County, California. Apple has committed $848 million for clean energy from the California Flats solar farm, First Solar said in a press release.

The company will receive electricity from 130 megawatts of the solar project under a 25-year power purchase agreement, which First Solar called “the largest agreement in the industry to provide clean energy to a commercial end user.” Project construction will begin later this year, and completion is scheduled for the end of 2016.

Apple CEO Tim Cook said the First Solar project will produce enough power for the company’s headquarters, all of its retail stores in California and many other facilities. “We know that climate change is real,” he said at the Goldman Sachs technology conference in San Francisco on Tuesday. “Our view is that the time for talk has passed, and the time for action is now. We’ve shown that with what we’ve done.”

“Apple’s commitment was instrumental in making this project possible and will significantly increase the supply of solar power in California,” said Joe Kishkill, chief commercial officer for First Solar.

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