Domestic solar panels

Apple Is About to Shell Out 850 Million for Solar Energy

Its massive new installation will produce enough power to supply 60,000 California homes, says CEO Tim Cook.

On Tuesday, Apple CEO Tim Cook announced a massive new investment by the company in solar energy: an $850 million installation that will cover 1,300 acres in Monterey County, California. Apple is partnering with First Solar—the nation’s biggest utility-scale installer—on the project, which will produce enough power to supply 60,000 Californian homes, Cook said.

According to a press release from First Solar, Apple will receive 130 megawatts from the project under a 25-year deal, which the release describes as the largest such agreement ever.

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