“Apple will partner with First Solar to build an $850 million solar energy farm in California, CEO Tim Cook said on Tuesday,” Jacob Pramuk reports for CNBC.
“First Solar shares spiked on the news and closed the day about 5 percent higher, while Apple ended about 2 percent higher,” Pramuk reports. “Cook touched on the solar project and a wide range of company developments — including Apple Pay, the Apple Watch and the company’s partnership with IBM — at the Goldman Sachs Technology and Internet Conference.”
“The solar farm in Monterey County would provide enough energy to power nearly 60,000 homes, Cook said. The California farm would become Apple’s fourth, as the company already has two in North Carolina and one in Nevada,” Pramuk reports. “Addressing the wearable Apple Watch, which has drawn considerable skepticism, Cook said that ‘everyone will be surprised about the breadth of what it will do.’ He compared it to the iPod’s influence on the music industry.”
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Eric Slivka reports for MacRumors that Cook said of the solar farm initiative, “We at Apple know climate change is real. The time for talk is past and the time for action is now. All of our data centers are now on renewable energy. Just today, we’re announcing our most ambitious project ever. We’re partnering with First Solar to build a new 1300 acre solar farm in Monterey, California. Enough renewable energy for all of our new Apple Campus 2, every other office we have in California, all 52 Apple retail stores in California, and our data center in Newark, California. $850 million investment. It’s the right thing to do both socially and financially.”
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