Apple launches $300 million renewable energy fund in China

People walk past the Apple store in Manhattan
People walk past Apple's Fifth Avenue store, one of at least 120 Apple stores currently powered by renewable energy. Photo: John Moore/Getty Images

Apple said yesterday that it's joining with 10 suppliers to launch a new $300 million "China Clean Energy Fund" to enable its large supplier network there to expand renewable power use.

Why it matters: Corporate sourcing is increasingly a driver of renewable power deployment, and Apple's move show how it can evolve to fold in supply chains too.