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Investors - NOVEMBER 6, 2019

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Apple, eBay, Samsung and Sprint form wind energy JV

by Andrea Zander

Apple, eBay, Samsung and Sprint have announced a joint agreement to purchase power from a new wind farm owned and developed by Apex Clean Energy. The transaction — spearheaded by Apple, the largest purchaser in the innovative small load energy aggregation — totals approximately 75 megawatts of clean energy, enough to power the equivalent of 20,000 homes.

Shared energy purchases such as this allow companies to pool their energy demands and collectively support the addition of large-scale renewable energy projects to the grid. Apple brought together other technology leaders dedicated to responsible business practices — eBay, Samsung and Sprint — in the aggregation agreement, which will enable all participants to access cost-effective low-carbon renewable energy from the new project. 3Degrees facilitated the agreement.

The full 500-megawatt White Mesa Wind project is expected to come online in 2021 in Crockett County, Texas.

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