Apple to build $850M farm to power all Calif. facilities
Source: By Julia Love, San Jose Mercury News • Posted: Thursday, February 12, 2015
Apple Inc. is building an $850 million solar energy farm in Monterey County, Calif., that will generate power for all its California facilities, Chief Executive Tim Cook announced yesterday.
Speaking at a technology conference hosted by Goldman Sachs, Cook described the 1,300-acre plant as one of the company’s most ambitious projects yet.
The tech company is partnering with First Solar Inc. to construct the facility, which will generate power for Apple’s two campuses in Cupertino, its data center in Newark and all 52 Apple stores in the state.
The 130-megawatt project will save Apple money on electricity bills during its 25-year lease, but Cook said the company is investing in the landmark solar project not because of the financial benefits but “because it’s right to do”.