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Newsroom Ingka Investments, Oxan Energy and Avapa Energy to develop offshore wind projects in Italy
Ingka Investments 26 March 2025

Ingka Investments, Oxan Energy and Avapa Energy to develop offshore wind projects in Italy

Ingka Investments, the investment arm of Ingka Group – the largest IKEA retailer – and French offshore wind developer Oxan Energy have partnered with Italian developer Avapa Energy on two floating offshore wind development projects in Italy. The projects have the potential to reach a total installed capacity of 2.45 GW. The two offshore wind projects, Sicily South and Sardinia Northwest, will produce clean energy and contribute to the decarbonization of Italy.

Ingka Investments and Oxan Energy, through the joint venture NexVenti, will develop the two floating offshore wind projects together with local partner Avapa Energy. The two projects, among five others, are in an early development stage and have been initiated by AvenHexicon, a joint venture between Avapa and Hexicon. NexVenti and Avapa will further develop the Sicily South and Sardinia Northwest projects, aiming to participate in the support auction, with the objective to build and operate the projects.

Combining competences and experiences, the three partners have long-term ambitions in the Italian offshore wind market. Ingka Investments operates 45 wind farms across 16 countries and has committed to invest EUR 7.5 billion into the renewable energy sector by 2030. Oxan Energy has strong expertise in developing floating offshore wind projects. The two companies have already partnered for the upcoming offshore wind tender in France. Italian-based Avapa Energy has been active structuring utility-scale renewable energy projects since 2019. Ingka Investments and Avapa Energy have been partnering in Italy since 2023 developing solar PV projects in the regions of Veneto, Puglia, Molise, Sicily, and Sardinia.

Frederik de Jong, Head of Renewable Energy at Ingka Investments

“The future of energy is renewable, and offshore wind holds huge potential to continue Europe’s decarbonization journey. We’re thrilled about the next phases of our partnership in Italy and can’t wait to work closely with our partners to make a real impact.”

Antoine Ecochard, Deputy General Manager of Oxan Energy says: “Entering the Italian offshore wind market marks a significant milestone and it is the start of an exciting journey! We are committed to leveraging our expertise, together with highly qualified partners, to deliver projects that drive the transition to clean energy.”

Alberto Dalla Rosa, Partner of Avapa Energy says: “We are thrilled by the challenge of bringing forward the two projects and we are confident that our development capability will complement and be materially strengthened by the skills and solidity of our new partners.”

 

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.

About Oxan Energy

Oxan Energy is a developer of renewable energy projects specialised in marine energies and particularly in offshore wind. Created in 2023 and based in France, the company is active internationally, mainly on European markets. With its team of recognised experts, Oxan Energy relies on 15 years of experience in floating offshore wind and thus gathers all the relevant skills and competences for the development of its projects. More information: www.oxan.energy.

About Avapa Energy

Avapa Energy, founded in 2019, has quickly become a trusted partner for institutional investors in structuring renewable energy projects, ranging from agrivoltaic solar to floating wind, energy storage, and green hydrogen production. With over sixteen years of experience in the renewable energy sector, managing relationships with both Italian and international investors, Avapa Energy is committed to developing a sustainable renewable economy that is well-integrated into the local and social fabric. Find out more: https://www.avapaenergy.eu/

Media enquiries

For further information, journalists and media professionals can contact us at [email protected] or by calling +46 70 993 6376.

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