IKEA stores owner buys 49% stake in Swedish wind power projects
29/08/2022 08:05
STOCKHOLM, Aug 29 (Reuters) - Ingka Group, the owner of most
IKEA stores worldwide, on Monday said it has agreed to buy a 49%
stake in three wind development projects offshore Sweden from
renewables development company OX2 for 58 million euros ($57.5
million).
Ingka Investments, the investment arm of Ingka Group, said
in a statement the early-stage projects - two in the Baltic Sea
and one off the southwest coast - have the potential to reach a
total installed capacity of 9,000 megawatts (MW).
"The projects have the potential to produce up to 38 TWh
(terawatt-hours) combined, once operational, corresponding to
more than 25% of the electricity consumed in Sweden 2021," it
said.
Ingka Group already produces more renewable energy than it
consumes, having invested around 3 billion euros in wind and
solar projects since 2009.
It plans to reach 6.5 billion euros in investments by 2030
as part of efforts to increase the use of renewable energy
across its supply chain. It owns 575 wind turbines, 20 solar
parks, and 935,000 solar panels on the roofs of IKEA stores and
warehouses.
($1 = 1.0080 euros)
(Reporting by Anna Ringstrom, editing by Stine Jacobsen)
((anna.ringstrom@thomsonreuters.com; +46 8 502 423 74; Reuters
Messaging: anna.ringstrom.thomsonreuters.com@reuters.net))