Apple is creating a 300 million fund to build solar power in China AAPL, DB

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Apple wants its parts suppliers to use renewable energy, like it does at its stores and headquarters.

So it's investing in a 300 million fund along with its suppliers that will invest in new solar and wind projects in China.

The fund will be managed by DWS Group, Deutche Bank's asset management arm.

Apple is reaching into its cash pile to help spread solar energy and wind farms across China.

The iPhone maker has teamed up with 10 of its components suppliers to create a new 300 million fund that will invest in renewable sources of energy in China over the next four years.See the rest of the story at Business InsiderNOW WATCH: We interviewed Pepper - the humanoid robotSee Also:The App Store has made Apple at least 40 billion in revenue since it was created 10 years ago todayThe Google superstar Apple poached is now in charge of SiriA diehard Mac user switches to PCSEE ALSO: Apple just launched new MacBook Pro laptops and they have an updated keyboard