The lease, approved by the Board of Commissioners, provides the Cupertino, California-based company with about 3.7 acres on the Blackburn Resource Recovery Facility in Newton, North Carolina. Apple’s renewable energy facility will use treated methane from the landfill to create electricity using fuel cells.
For the first five years, the annual rent owed to the county will be $1,500 per acre, for a total of $5,569.50 per year, according to The Hickory Record. From the sixth year onward, the rent price will fluctuate based on changes in the Consumer Price Index for the South Region, but will never go below $1,500 per acre, the article adds. The lease lasts for 16 years with an option to go five years longer.