Apple Green Bond spend hits $2.8B; creating 1.2 gigawatts of clean energy

The Apple Green Bond initiative has now helped create 1.2 gigawatts of clean energy, as Apple says it has allocated $2.8B of the $4.7B total raised. Some of the projects funded are directly linked to Apple, generating power for the company’s own data centers, while others are more general, feeding clean power into the grid.

A green bond is like a conventional bond, where a company raises money by selling paper that offers a fixed return by a fixed date, but where the proceeds are specifically earmarked for environmentally friendly projects …

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