Apple has broadened its renewable energy projects with a fresh investment in New Zealand as part of its Restore Fund, which is designed to facilitate nature-based carbon removal initiatives across the globe. The firm revealed this expansion alongside updates regarding its ongoing actions in Australia.
The Restore Fund, initiated in 2021, concentrates on premium environmental endeavors. In New Zealand, Apple, in collaboration with Climate Asset Management, is investing in the safeguarding and rehabilitation of 8,600 hectares of forestland across multiple locations. This initiative complies with Forest Stewardship Council guidelines and seeks to boost biodiversity, enhance carbon sequestration, and yield financial returns through the sustainable management of redwood forests while preserving 3,000 hectares of indigenous forest.
In Australia, Apple is converting 1,700 hectares of compromised sugarcane farmland into a macadamia orchard, planting upwards of 800,000 trees. This project, situated south of Bundaberg, aims to reintroduce native species, enhance soil quality, improve water efficiency, and establish a biodiversity corridor that connects two national parks in partnership with the Indigenous conservation group W.Y.L.D.
Furthermore, Apple is enlarging its renewable energy portfolio in Australia with a new solar initiative in Lancaster, Victoria, anticipated to produce more than 1 million megawatt-hours of clean electricity each year before 2030.
These announcements follow Apple’s recent investments in Europe and China, reflecting the company’s dedication to reaching its Apple 2030 objectives through global environmental initiatives.
