We are investing in renewable energy to support the transition towards a renewable energy future. The investments are supporting a reduction of the IKEA climate footprint and a broader transition to a net-zero society. Using renewable energy across IKEA operations and value chain is a significant part of delivering on our science-based targets and commitment to the Paris Agreement.
Renewable Energy Investments
We invest in renewable energy to speed up our journey to a more sustainable world
“By 2030, we will have invested or committed to invest EUR 7.5 billion into the renewable energy sector.”
Investment scope
Shifting our energy consumption from fossil fuels to renewables is a huge and complicated challenge, so we are investing in technological solutions to help us bridge this gap.
We develop, construct, acquire and operate utility-scale wind, solar and storage projects and sell renewable energy to reduce the climate footprint of Ingka Group and the IKEA value chain. We also invest in technologies designed to support the energy transition, from storage solutions to e-fuels.
Our ultimate ambition is to build integrated utility capabilities so that we can produce renewable energy and sell it throughout our whole value chain to run more sustainably.
Our portfolio in numbers
As at January 2025
We have invested or committed to invest over EUR 4.2 billion in renewable energy production assets, like wind and solar.
The facilities we own, generate renewable energy power equivalent to the annual consumption of over 1.47 million European households.
We are invested in 49 wind farms in 17 countries, and 26 solar parks in 9 countries (operational and committed).
We have one battery storage project in operation.
Our commitment
We have an important role to play in encouraging the production of more renewable energy, rather than just buying up scarce renewable energy. Therefore, by 2030 we will have invested or committed to invest EUR 6.5 billion to produce 15 terawatt hours. We have also earmarked an additional EUR 1 billion for investments in technologies and innovation to support the energy transition, from storage solutions to e-fuels.
Our capabilities
We are operating as a medium-size power company. Having competence in all parts of the energy value chain gives us new investment opportunities, strengthens our business and our ability to support the IKEA value chain and retail ambitions. We have 10 in-house capability teams involved at different stages of our assets.
- Acquisition energy projects
- In-house development energy projects
- Off-shore partnerships
- In-house construction
- Asset management
- Sales from Ingka projects to power market and to inhouse supply business
- Supply business from Ingka projects and power markets to B2B end customer
- Solutions support energy specific operations
- Business navigation, finance and control
- Investments and partnerships transition frame
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Latest news
Ingka Investments
18 November 2024
Ingka Investments and Oxan Energy prequalified for offshore wind tender in France
Sustainability
6 February 2025
Ingka Investments in agreement with GREEN14 to support more sustainable silicon production
Ingka Investments
30 October 2024
Ingka Investments’ first French solar PV park is now fully operational
Ingka Investments
11 October 2024
Ingka Investments secures 15% of Stage 2 in southern hemisphere’s largest wind farm
Ingka Investments
10 September 2024
Ingka Investments opens 62.5 MW wind farm in Poland
Charging ahead: Ingka Group’s first renewable energy battery storage project now operational
Ingka Investments Sustainability
12 July 2023
Ingka Investments acquires 49% stake in solar PV development portfolio in Italy
Ingka Investments
2 August 2023
Ingka Investments joins UtsiraVIND Consortium
Ingka Investments Sustainability
3 April 2023
Ingka Investments accelerates renewable energy push in Australia by purchasing NSW solar parks
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