Apple is going fully solar in Singapore.
This may sound like old news, seeing as Apple already has solar-powered stores in the U.S. and China, along with several other locations. This move, however, is unique due to the fact that its new stores in Singapore will be the first solar powered store in all of southeast Asia.
To make this possible, Apple partnered with Singapore’s largest clean energy provider to supply the power for the solar panels on roughly 800 structures, which in turn will supply 40 gigawatt-hours of power for both the new Apple store, as well as its corporate campus.
This company will also most likely supply power for Apple’s new buildings that are launching next year.
Something worth noting, however, is that even though Apple is going to support these new branches with renewable energy, Asia’s industrial sector is still heavily reliant on fossil fuels.
In other words, southeast Asia is the perfect market for companies like Apple. Unlike other areas like the US and China, this region hasn’t reached the “saturation point” of smart phone sales… which means a whole ot of growth is ahead.
Until next time,
Keith Kohl
Check us out on YouTube!A true insider in the technology and energy markets, Keith’s research has helped everyday investors capitalize from the rapid adoption of new technology trends and energy transitions. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital, as well as the investment director of Angel Publishing’s Energy Investor and Technology and Opportunity.
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