Apple is looking to invest more than €400m directly to fund at least six renewable energy projects in Ireland.
The firm has invited partnership proposals from green energy developers to set up multiple new projects, with each having a power generation capacity of up to 50MW, reports The Irish Times.
Apple has planned the projects to meet the energy requirements of its proposed €850m data centre at Athenry in Galway County, Ireland.
Energy requirements of the data centre, which will support Apple’s services including iTunes, Maps and Siri, is expected to be more than 300MW.
The firm has, however, not specified the source from which the renewable energy for the centre will be derived. Wind farm developers are more likely to be considered for the development.
Apple might sign up for power purchase agreements for the Galway facility, according to a tender on Ariba.com. The firm will consider buying those assets as well, after they become operational.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe power purchase agreements, if any, will cover the duration of 20 years, the Irish daily reported.
The firm is seeking projects from within the Republic of Ireland and wants them to be commissioned by 2017 or 2018. Proximity of the proposed projects to the data centre will be considered as a positive aspect.