Ingka Purchases Wind and Solar Farm in Poland

Leiden-based Ingka Investments, the investment arm of IKEA’s largest retailer Ingka Group, has expanded its renewable energy acquisitions by purchasing a ready-to-build wind farm and solar park, situated in north-western Poland.

The company already owns and operates 6 wind farms having a total capacity of 180 MW in the country generating 450 GWh per year, in surplus of the electricity usage of the Polish IKEA Retail and Distribution.

Krister Mattsson, Managing Director, Ingka Investments said: “We are delighted to further grow our renewable energy portfolio in Poland. This investment represents another important step for Ingka Investments as it will mean a further reduction of the climate footprint of IKEA Retail including distribution and logistics, and also IKEA value chain partners based around the country. Having recently invested in renewable energy in Spain and Germany, this investment demonstrates our continued commitment to invest in countries where IKEA Retail operates and to increase the share of renewable energy across the IKEA value chain.” 

Ingka Group has invested EUR 2.9 billion into renewable energy projects in wind and solar power since 2009, allowing the company to produce more renewable energy than it uses across its operations around the world.

“Solar power is a key part of OX2’s strategy to diversify our portfolio. Solar power will also play a central role in the energy mix of the countries we are active in and OX2 wants a leading role in accelerating this development. I am extra happy that Ingka Group is the buyer of our first solar project as we continue to build on the strong relationship established over the 12 years we have worked together,“ says Paul Stormoen, CEO, OX2 AB.  

By 2025, Ingka Group is aiming for the electricity consumption in its operations to be 100% renewable. To achieve this consumption target, Ingka Investments continues to expand its renewable energy partners in Europe and North America plus targeting more key countries like Australia, Japan, South Korea, and India.