Feb 13, 2015

Apple in big solar power deal, market cap closes over $700 billion

Apple market value of the company, was the world's largest listed.

 

Monterey County plant in California already has solar energy, Newark, California Apple data center feed.

 

"We have a fixed price for renewable energy, because a lot of hope for significant savings, and there is a big difference between this price and brown energy prices," said Cook.

 

"We know that climate change is real Apple. Time to talk about," he added. "It is time now."

 

Tempe, Arizona-based First Solar manufactures solar panels and electricity producers sold most of the construction of solar power plants.

 

This California Apartments 2900 hectare solar project construction is expected to begin mid-2015 and ending at the end of next year, First Solar said in a statement.

 

Apple, the largest capacity of 130 megawatts of electricity will receive 25 years in the industry to provide clean energy to commercial users as part of a purchase agreement, First Solar said. The remaining 150 MW production projects Pacific Gas and Electric Co. (pcg_pa. A) to go.

 

Apple does not do instead of paying to take the stake in the project and run the process at a time, First Solar said Steve Karim spokesman.

 

"They saw a way to save the economy, because the reason for this choice made," Karim said. "There is no source of volatility in the prices of other fuels. The fuel is free. This is the competitive price of other options."

 

The project would not have gone ahead without the participation of Apple, Karim said.

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