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.
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.
