Robert Shapiro Quoted in New York Times on Apple's Green Energy Initiative

In the media August 24, 2016

Project finance partner Robert Shapiro was quoted in the New York Times article, "Apple Becomes a Green Energy Supplier, With Itself as Customer." Robert explains that although companies like Apple may say that they are running their businesses on renewable energy, in reality the clean power often does not flow directly to their facilities. Instead, they typically buy renewable energy in amounts to match what they draw from the grid.

“They’re actually getting power from their local utility, which may be coal,” Robert said. “But they’re deemed to have put into the world carbon-neutral energy, which they are deemed to have used for their load.”

Read the full article (subscription required).