April 26, 2024 5:52 pm
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How Apple is making money off of its landmark solar deal

Apple to build a giant $848M 130 megawatt solar farm in California Pictured- Apple's new 2.8m sq ft Apple Campus 2
Apple to build a giant $848M 130 megawatt solar farm in California Pictured- Apple’s new 2.8m sq ft Apple Campus 2

By Katie Fehrenbacher | Fortune

Did Apple overpay in its nearly $850 million deal to buy solar power from a solar farm to be built in central California? Closer scrutiny reveals: no.

There’s a key aspect of Apple’s high-profile solar deal in California that’s been largely overlooked—until now.

When Apple announced to the world last month that it would be spending an eye-popping almost $850 million to buy solar power from a solar farm to be built in central California, clean energy fans naturally cheered. But there was another common reaction by industry watchers, too: confusion.

Continued:

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