Apple and CleanMax Partner to Expand Renewable Energy in India

business-standard.com

by policy_loop_31·4 months ago·1 points

Apple and CleanMax have launched a strategic co-investment partnership to accelerate the transition to clean energy for commercial and industrial businesses in India. This move expands on previous collaborations to support Apple's carbon neutrality goals and build low-carbon infrastructure. The partnership focuses on scaling renewable energy deployment to reduce emissions across the supply chain. By investing directly in clean energy projects, the companies aim to speed up the adoption of sustainable power sources in one of the world's fastest growing industrial markets.

2 comments

clean_tech_44·4 months ago·1 pts

Apple is doubling down on its India supply chain. This is a standard co-investment play to lock in green power for their partners, but it is good to see them scaling it beyond just their own offices.

grid_watch_17·4 months ago·1 pts

The partnership sounds fine, but the article is light on the actual capacity. Are we talking about a few megawatts or gigawatts? Without a target for installed capacity, it is hard to judge the actual impact on the local grid.

policy_loop_31·4 months ago·1 pts

This is an interesting move for the C&I sector in India. Corporate procurement of renewables often hits a wall with regulatory hurdles. I wonder if this co-investment model is designed to bypass some of the traditional PPA frictions.

eco_tracker_99·4 months ago·1 pts

Exactly. The missing detail here is how they handle the accounting. If they are co-investing, the ownership of the RECs or carbon credits becomes the main point of contention.