Apple issues second US$1 billion green bond for solar, wind and energy storage

Facebook
Twitter
LinkedIn
Reddit
Email
Following Tuesday's issuance, Apple will be the biggest issuer of green bonds pegged to the US dollar. Source: Flickr/Sabin Paul Croce

Technology conglomerate Apple Inc. has issued its second green bond valued at US$1 billion, in the wake of president Trump withdrawing the US from the Paris climate agreement.

Last year, Apple issued the largest green bond ever sold by a US company to the tune of US$1.5 billion to pursue renewable energy and energy efficiency. Following Tuesday's issuance, Apple will be the biggest issuer of green bonds pegged to the US dollar.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Since then, the iPhone manufacturer has achieved 96% of its worldwide energy coming from renewable sources and also has pledged to reach 100% by encouraging its supply chain to also make the transition.

The new green bond is set to reach that 100% goal and comes just two weeks after the federal announcement that the US would no longer be a part of the historic climate accord.

“Leadership from the business community is essential to address the threat of climate change,” Lisa Jackson, Apple’s vice president of environment, policy and social initiatives said in the statement. “The bond will support Apple’s ongoing work to lower greenhouse gas emissions, drive renewable energy investment, and conserve precious resources. We're proud to offer investors another opportunity to join us in this important work.”

Undeterred, the company was among those that signed an open letter pledging to continue supporting efforts to meet the Paris agreement, which aims to keep greenhouse gas (GHG) emissions down below 2005 levels and keep global temperature rises “well below” 2°C.

Bond use

According to an SEC filing, the bond will mature in 2026 and will consist of unsecured senior indebtedness and will rank equally with each other. The sale was arranged by Bank of America, Goldman Sachs and JPMorgan.

The net proceeds from the sale of the bond are to ensure Apple “can make the most environmentally positive impact”; and specifically, will be used to pioneer the use of “greener materials” Apple products and processes, energy-efficient buildings as well as renewable energy projects including solar, wind and energy storage.

Last year, Apple allocated US$442 million to 16 different projects from renewable energy to recycling from its first bond offer; including a 200MW solar PV project in Nevada in collaboration with NV Energy that will help power its Reno data centre and a 50MW solar plant in Arizona. In June 2016, Apple announced plans to sell excess electricity generated by solar panels on the roof of its new Cupertino, California HQ and created a subsidiary to sell power.

According to Bloomberg, future plans include solar and hydroelectric plants in Oregon, North Carolina, Nevada, Arizona and California; including a US$850 million 130MW solar farm near San Francisco by 2042.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

July 11, 2025
Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, is building a 156MWdc solar project in McLennan County, Texas.
July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 11, 2025
The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.
Premium
July 11, 2025
Analysis: A presidential executive order issued on Monday tightening up project start rules is causing concern among developers.
July 11, 2025
The Australian Energy Market Operator (AEMO) has revealed that several utility-scale solar PV power plants experienced curtailment of above 25% in the National Electricity Market (NEM) in 2024.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK