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CleanMax, a prominent renewable energy company in Asia specializing in the Commercial and Industrial (C&I) sector, has announced a significant joint venture with technology giant Apple to advance renewable energy projects in India. This collaboration is set to enhance India’s green energy initiatives significantly.
Through this partnership, CleanMax has successfully installed 14.4 megawatts of rooftop solar panels across six industrial locations in India. These solar installations are anticipated to prevent approximately 207,000 tons of CO2 emissions over their lifespan, aligning with Apple’s dedication to environmental sustainability.
This initiative not only provides industries with essential financing to adopt renewable energy sources but also helps them reduce energy costs. It is designed to speed up the development of renewable energy projects throughout the country.
The joint venture employs an innovative business model, where the environmental benefits generated by the projects will help Apple offset the emissions from its corporate operations in India. According to a statement on Apple’s newsroom, the venture includes investments in six rooftop solar projects, which will power Apple’s corporate offices, retail stores, and other operations in India. Apple first achieved 100% renewable energy for its global corporate operations in 2018.
Lisa Jackson, Apple’s Vice President of Environment, Policy, and Social Initiatives, reiterated the company’s commitment to its 2030 climate goals, emphasizing the importance of clean energy and water for building healthy communities and responsible businesses.
Kuldeep Jain, Managing Director of CleanMax, expressed his enthusiasm about the partnership, highlighting it as a major milestone and an industry-leading approach in the creation of green energy assets. He noted the increasing interest from other consumer brands in similar joint ventures as a positive trend towards sustainability.
CleanMax has been instrumental in helping corporations across Asia achieve their sustainability goals, with over 2GW of operating renewable assets and more than 750 clients from various industries. The company focuses on facilitating the shift toward a sustainable energy future through strategic partnerships and innovative solutions.
The collaboration between Apple and CleanMax underscores the role of cross-sector partnerships in tackling environmental challenges, offering a model for how such collaborations can drive economic growth while ensuring sustainability and carbon neutrality. |
