Apple to Buy Into Four Chinese Wind Power Farms to Promote Green Energy
Yicai Global
/SOURCE : Yicai
Apple to Buy Into Four Chinese Wind Power Farms to Promote Green Energy

(Yicai Global) Dec. 8 -- Apple Inc. [NASDAQ:AAPL] plans to acquire a 30 percent stake in four Chinese wind power farms and will work with Beijing Tianrun New Energy Investment Co., its counterpart in the deal, to jointly promote green energy development.

The projects are located in the provinces of Henan, Shanxi, Shandong and Yunnan, wind power giant Xinjiang Goldwind Science & Technology Co. [SHE:002202], which has a 100 percent stake in the Beijing-based company, said in a statement yesterday.

Goldwind Science did not give more details about the deal but said its first partnership with Apple will help the company achieve direct sales of green energy, enhance brand awareness and company influence as a provider of integrated wind power solutions, improve wind power utilization rates and expand the market potential of wind farms.

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