Agreement with developer for €190m is for two projects due to be operational by the end of 2024 The investment arm of IKEA owner Ingka Group has expanded its renewable energy acquisitions by purchasing a ready-to-build wind farm and solar park, located in north-western Poland. The new agreement has been signed with OX2, who has […]
IKEA owner buys 440MW solar portfolio – EQ Mag Pro
Sites in Spain and Germany will generate equivalent of retail giant’s power consumption in each country The investment arm of IKEA owner Ingka Group has acquired nine solar PV park projects in Germany and Spain from developer ENERPARC. Ingka Investments is to pay €340m for the the 440MW solar PV development portfolio. The expected energy […]
IKEA invests $373 mln in solar park projects in Germany, Spain – EQ Mag Pro
STOCKHOLM : Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar photovoltaic (PV) park projects in Germany and Spain for a total of 340 million euros ($373 million) in its push to generate more renewable energy than it consumes. The world’s biggest furniture retailer said on Wednesday it was buying the […]
IKEA Starts Selling Renewable Energy to Households in Sweden – EQ Mag Pro
Ingka Group, the owner of most IKEA stores worldwide, said households would be able to buy affordable renewable electricity from solar and wind parks, and track their usage through an app. STOCKHOLM: IKEA, the world’s biggest furniture brand, is branching out into selling renewable energy to households, starting with home market Sweden in September. Ingka […]
IKEA To Help Suppliers in India, 2 Other Markets Transit to 100% Renewable Power
Swedish home furnishing retailing major IKEA on Thursday said it will launch a programme in India, Poland and China this year, helping suppliers there transit to 100 per cent renewable electricity. Under this initiative, the company would invest and support nearly 1,600 direct suppliers, IKEA said in a statement. IKEA is striving for 100 per […]
Ikea Retailer Acquires 49% Stake in Eight Solar Parks in Russia
The investment arm of Ikea’s largest retailer, Ingka Group, is expanding its renewable energy footprint by acquiring a 49% stake in eight solar parks in Russia. The agreement for the parks, with a total book asset value of about 235 million euros ($279 million), has been struck with Solar Systems LLC and is now awaiting […]
IKEA Australia to install solar, energy storage at Adelaide store
IKEA Australia on Wednesday said it will install solar panels and an energy storage system to power its Adelaide store, feeding any excess electricity into the power grid. IKEA Adelaide has a goal to be 100% renewable by 2025. As part of the project’s first stage, photovoltaic (PV) modules will be installed on the store’s […]
Ikea to remove non-rechargeable alkaline batteries by 2021, aiming to reduce waste at home
Ikea announced it will remove all non-rechargeable alkaline batteries, such as AAA, AA and 9-volts batteries, from all its stores by October 2021. The home furnishing company said in a statement that the goal is to inspire consumers who frequently use batteries to make the switch to rechargeable ones in order to reduce waste at […]
IKEA stores owner Ingka accelerates investments to cut emissions
STOCKHOLM: Ingka Group, the owner of most IKEA stores, plans 600 million euros ($712 million) in sustainability-related investments over the next 12 months as the world’s biggest furniture brand aims to be climate positive throughout its value chain by 2030… Read More…
European politicians, CEOs, lawmakers urge green coronavirus recovery
As some EU countries move to ease the restrictions starting this week, the bloc is divided on how to finance economic recovery, with the ailing south advocating issuing joint debt against the opposition of the fiscally conservative north European politicians, CEOs, lawmakers and activists called on Tuesday for green investment to restart growth after the […]