IKEA already owns wind farms in Denmark, France, and Germany. By investing in renewables, Ikea aims to isolate itself from fluctuating energy prices, which cost the company $1.7 billion a year.
IKEA Group has been busy with more than curtains and chairs lately. Bloomberg reports the giant home-furnishings retailer recently bought a wind farm in Scotland and plans to install 39,000 solar panels on its U.K. stores as part of a goal to get all of its energy from renewable sources.
The company’s 12.3-MW wind farm in Huntly, northeast Scotland, can cover as much as 30% of Ikea’s U.K. electricity use. Denmark’s Vestas Wind Systems A/S supplied the turbines for the wind farm. Also, 2.1 MW of solar panels will be fitted on 10 stores and cover 5% of each one’s power on average.The solar panels will cost about $6.5 million to fit, and will be manufactured by China’s GS Solar Fujian Co.
Filed Under: Projects
