Apple issues $1.5 billion in green bonds in first sale

By Valerie Volcovici, Reuters

Apple's 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple’s 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple has issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations, the largest green bond to be issued by a U.S. corporation, the company’s head of environmental policy said Wednesday.

The Cupertino, California-based tech giant said proceeds from the green bond sales will be used to finance renewable energy, energy storage and energy efficiency projects, green buildings and resource conservation efforts.

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