IKEA Invests In Canadian Wind Farm
IKEA is the world’s largest home furnishings retailer, with over 340 stores in 40 countries, including 38 in the U.S. That’s one big reach. IKEA would like its reach to be powered with renewable energy.
IKEA Canada recently announced its purchase of a 46 megawatt (MW) wind farm in Alberta. The 20 turbine wind farm will be the largest owned by a Canadian retailer. It is expected to generate 161 gigawatt hours (GWh) every year, more than double the total energy consumption of IKEA Canada. That amount of energy is equivalent to 60 percent of IKEA Group electricity use in North America, or eight percent of IKEA group electricity use worldwide or 13,500 average Canadian households’ electricity use. The project is currently under construction by the global wind and solar company, Mainstream Renewable Power, and expected to be fully operational in fall 2014.
IKEA Group committed to own 157 wind turbines globally, 110 of those turbines in Europe, and has installed over 500,000 solar panels on its buildings in nine countries. The company has invested in wind farms in seven other markets, including Sweden, Denmark, Germany, France, Poland, the United Kingdom, and Ireland. IKEA has allocated $1.8 billion to invest in renewable energy through 2015. IKEA Group’s goal is to produce as much renewable energy as it consumes by 2020.
Read the full story here.