Pioneering New Ground
Today we’ve brought you news and commentary from several different sources about a big development in the world of energy:
Apple has announced that it will power all of its operations in Singapore from solar energy, the first company in the city-state to do so. The company it has partnered with to accomplish this goal – Sunseap – is multiplying in size due to this deal.
This is an ambitious project, but Apple has the money to make it a reality, and plans to continue to expand such operations in the future. Read more details after the break!
CNET reports that Apple is partnering with local clean energy provider Sunseap.
The Cupertino consumer electronics giant has partnered with Singapore’s largest clean energy provider, Sunseap Group, who will provide power to Apple’s 2,500-person corporate campus and retail store. Energy will be obtained from solar panels laid on the rooftops of 800 buildings.
“We’re thrilled to be working with Sunseap and the government of Singapore to pioneer new ways to bring solar energy to the country and bring Apple even closer to our goal of powering our facilities around the world with 100 percent renewable energy,” said Lisa Jackson, Apple’s vice president of environment, policy and social initiatives in a statement provided to CNET.
In Singapore, Apple expects that this deal will generate 50 megawatts of energy, enough for 9,000 homes, though Apple will use 33 megawatts of the energy for its campus and upcoming store.
Retail head Angela Ahrendts also confirmed to The Strait Times earlier reports that it is opening its first Apple Store in Singapore, with hiring underway …
Tech giant Apple is going all out to tackle climate change, turning to solar power to run its entire Singapore operations, including its upcoming Apple Store in Orchard Road.
When its landmark solar power contract with a local supplier starts in January next year, Apple will be the first company in Singapore to rely entirely on solar energy.
We have more than 900 incredible employees working in our Singapore contact centre and are thrilled to begin hiring the team that will open our first Apple Store in Singapore.
In an exclusive interview with The Straits Times, Ms Lisa Jackson, Apple’s vice-president of environment, policy and social initiatives, said: “Taking action on climate change has been a top priority for Apple.”
“Today, 100 per cent of our operations in the United States and China are powered by renewable energy. Worldwide, the figure is at more than 87 per cent.
“Singapore is at the Equator and is a good source of solar energy.”
Due to land scarcity, companies are installing solar panels on their rooftops and this will be Apple’s approach too, with one of the largest installations of solar panels in Singapore soon to come up on one of its two buildings in Ang Mo Kio.
In the first such arrangement in South-east Asia, Apple will purchase solar energy harnessed from panels on other buildings to supplement its needs.
Source: The Strait Times
Solar power can save money, but naturally the initial investment in such an endeavor is quite the sum of money. If any company can handle it, however, it’s Apple.
The news is the latest in a string of Apple announcements about renewable energy. In October it announced it would build 200 MW of solar power in China and push suppliers to make similar commitments. That came on top of two previously announced solar farms in the country producing a combined 4 MW of power.
Earlier this year Apple said it was partnering with First Solar to build a massive farm of solar panels to power its upcoming “Campus 2” headquarters in California. The “spaceship campus” will be powered entirely by renewable energy sources, the company has said.
“We’re doing this because it’s right to do,” Tim Cook said at the time to an audience at a Goldman Sachs event. “But you may also be interested to know that it’s good financially to do it.”
In any case, Apple can afford to make investments in renewable energy, however long they take to pay off. It’s sitting on giant pile of cash:
And finally, more details as to Sunseap’s plans for the future:
Upbeat after having struck a deal with the world’s most valuable company, Apple, Singapore solar-energy solutions company Sunseap is hopeful of clinching more of such mega deals and is seeking new funds to finance its expansion.
“We are doubling capacity almost every year in Singapore. We would be raising S$200 million through a mix of funding options, including an initial public offering and debt. We are also planning to launch green and solar bonds early next year,” Mr Frank Phuan, the co-founder of Sunseap Group, told TODAY. The company plans to double its capacity to over 160 megawatts over the next year, he said.
Source: Today Online