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Apple to Build $850 Million Solar Energy Farm in California

The farm in Monterey County would provide enough energy to power nearly 60,000 homes.
/ Source: CNBC.com

Apple will partner with First Solar to build an $850 million solar energy farm in California, CEO Tim Cook said on Tuesday. The farm in Monterey County would provide enough energy to power nearly 60,000 homes, Cook said. The California farm would become Apple's fourth, as the company already has two in North Carolina and one in Nevada.

Cook noted that all of Apple's data centers are run on renewable energy. For instance, the company pledged to run a new $2 billion Arizona data center, announced last week, on solar power. Cook touched on the solar project and a wide range of company developments — including Apple Pay, the Apple Watch and international growth — at the Goldman Sachs Technology and Internet Conference.

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—Jacob Pramuk, CNBC