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Apple invests $848 million into a First Solar plant in California

Apple invests into First Solar, with its $848 million investment capable of generating enough juice to power 60,000+ homes
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Feb 11, 2015 10:32 am

Apple has just announced it is investing $848 million into a First Solar plant in California's Monterey County, something that will generate enough electricity to power a huge 60,000+ homes.

 

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Apple will receive a 130-megawatt supply from the solar farm which it will use to power its future campus, while the remaining 150 megawatts will find a home with Pacific Gas & Energy's grid. This is a big deal, as it represents the biggest commercial deal that has ever happened in the solar industry.

NEWS SOURCES:Engadget.com

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