Tim Cook provided a information in a conversation at Goldman Sachs Technology and Internet conference today : He says Apple is putting a massive $848 million dollars into solar energy.
According to Tim Apple build a Massive Solar Farm in Monetary , California which is on 1300-acre land on which they spend $848 million.
Apple will partnership with Arizona-based First Solar. In a Deal Apple gets electricity from farm for 25 years at fixed rate.
The power they will get from farm is sufficient to power up its existing California offices,Apple’s new Campus, and all of its California retail stores.
Construction on farm is of around 1 year 6 months work and is expected to be start in mid 2015 and should be finished by end of 2016.
This is a great if Apple build a Massive Solar Farm in Monetary , California.