Dutch company and owner of IKEA Ingka Group’s investment arm Ingka Investments has acquired a 49% share of a 460MWp solar PV portfolio from energy company Avapa Energy.
PV module manufacturer Meyer Burger has signed a four-year agreement to supply modules to Ingka Investments, the investment arm of Ingka Group and the largest franchisee of IKEA.
German-headquartered solar developer Enerparc has sold 193MW worth of its Australian solar PV assets to Ingka Group, the owner of furniture retailer IKEA.
IKEA owner Ingka Group has invested €340 million (US$370.84 million) in 440MW of solar PV projects in Germany and Spain, to be built by developer Enerparc.
Retail giant IKEA and the Rockefeller Foundation have today announced the creation of a US$1 billion initiative to catalyse investments in distributed renewable energy (DRE).
Ingka Group, a retailer that runs the majority of IKEA stores, has allocated an additional €4 billion (US$4.8 billion) to invest in solar and wind plants.
UK-headquartered solar developer Solarcentury has sold its residential solar arm to Svea Solar, allowing the firm to refocus its efforts entirely on utility-scale developments.
The furniture giant says half of the investment package will go towards efforts to ensure production operations are powered entirely by renewable energy.
