Apple to begin selling solar energy

Apple to begin selling solar energy

The US government has granted tech giant Apple Inc. (NASDAQ:AAPL) the approval to sell its surplus of renewable energy.

The Federal Energy Regulatory Commission (FERC) approved the company’s application from its energy subsidiary, Apple Energy LLC, to sell renewable electricity.

Steve Rodgers, director of FERC’s division of electric power said: “Based on your representations Apple Energy meets the criteria for Category 1 seller in all regions and is so designated.”

Apple Energy LLC was created in June with the intent of selling the company’s excess solar energy.

Around 93% of the company’s facilities worldwide are powered by renewables.

Apple owns a 20MW solar farm in Nevada, a 50MW facility being built in Arizona and an additional 67.5MW facility in North Carolina. The company also produces 18MW on its California campus.

The tech giant purchased 130MW from First Solar, which is known as the “largest-ever solar procurement” by a non-utility company.

Apple runs totally on power generated from the sun, wind or water in facilities in 23 countries.

@RGNOnline