Apple invests ₹100 crore in India renewable energy via CleanMax
Synopsis
Key Takeaways
Apple Inc. has announced a ₹100 crore investment to develop renewable energy infrastructure in India, partnering with CleanMax, one of the country's leading clean energy developers, to build more than 150 megawatts of new renewable energy capacity across the country. The initiative, announced on 7 May from New Delhi, directly supports Apple's target of achieving carbon neutrality across its entire global footprint by 2030.
Scale and Scope of the Investment
The planned 150 MW of new capacity is projected to generate enough clean power for nearly 1.5 lakh Indian households annually, according to Apple. The company indicated the capacity could be expanded further in the coming years, depending on progress and supply chain requirements.
This is not the first collaboration between the two firms. Apple and CleanMax had previously partnered on rooftop solar projects to power Apple's offices and retail stores across India with 100 per cent renewable energy — a baseline the new investment seeks to scale significantly.
What Apple Said
Sarah Chandler, Apple's Vice President of Environment and Supply Chain Innovation, said the company's environmental commitment is also a driver of global innovation.