Ingka Investments, the investment arm of Ingka Group, is adding 11 wind turbines with a total capacity of 62.5 MW to its Polish renewable energy portfolio. The largest wind turbines in Poland, with a capacity of 5.5-5.7 MW each, have been installed at the wind farm in the municipality of Wysoka.
“We look forward to our positive long-term impact on increasing the share of renewable energy in Poland and thus reducing the carbon footprint of Ingka Group in the coming years”
– Frederik de Jong, Head of Renewable Energy at Ingka Investments
The wind farm will provide long-term access to renewable energy for IKEA Retail in Poland, as well as IKEA value chain partners in the country.
Ingka Investments acquired the ready-to-build wind farm from OX2 in June 2022. The investment consists of 11 Nordex N149 wind turbines with a capacity of 5.5-5.7 MW each. The total height of each of the windmills is almost 200 meters, with 125-meter towers and 72.5-meter-long blades.
“This is yet another step towards a renewable future. We look forward to our positive long-term impact on increasing the share of renewable energy in Poland and thus reducing the carbon footprint of Ingka Group in the coming years,” says Frederik de Jong, Head of Renewable Energy at Ingka Investments.
It is estimated that the Wysoka wind farm will produce 180 GWh of energy per year, which, together with Ingka Investments’ current renewable energy assets of 625 GWh per year, covers the demand for electricity for the equivalent of around 250,000 Polish households. In addition, IKEA Retail in Poland owns six wind farms, which generated over 386 GWh during fiscal year 2023. This means that even before the opening of the Wysoka farm, Ingka Group produced more renewable energy than it consumed in all units in Poland.
“Ingka Investments has a broad portfolio of investments in renewable energy assets worldwide, and we remain committed to Poland on a long-term basis,” says Ewa Teodorczyk, Country Manager at Ingka Investments in Poland.
Globally, Ingka Investments has 45 wind farms and 12 solar farms in operation across 16 countries. In total, this amounts to more than 5 TWh, which corresponds to the annual electricity consumption of more than 1.25 million European households.
As part of a EUR 7.5 billion initiative to support 100 percent renewable energy consumption across the value chain and beyond, Ingka Investments has invested and committed more than EUR 4 billion into renewable energy projects in wind and solar power. Out of the EUR 7.5 billion initiative, EUR 1 billion is committed to investments in innovation and transitional technologies, such as energy storage, hydrogen as an energy carrier, or grid infrastructure.
About Ingka Investments
Ingka Investments is the investment arm of Ingka Group, the largest IKEA retailer. Focused on long-term value creation, it invests in six strategic areas: forestland, renewable energy, real estate, circular, financial markets, and business acquisitions and venture investments. Ingka Investments’ mission is to ensure the financial resilience of Ingka Group, support the transformation of IKEA Retail, contribute to sustainability, and strengthen the IKEA brand for future generations through responsible and impactful investments. Further details: https://www.ingka.com/what-we-do/ingka-investments/.
About Ingka Group
With IKEA retail operations on 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on www.Ingka.com.
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