IKEA makes largest wind farm investment to date
IKEA has purchased its second wind farm in the US. The site in Texas is the single largest renewable energy investment made by the Swedish furniture retailer to date.
The wind farm will contribute significantly to the IKEA Group 2020 goal of producing as much renewable energy as the total energy the company consumes globally. The new wind farm is expected to be fully operational in late 2015.
“IKEA believes that the climate challenge requires bold commitment and action,” says Rob Olson, IKEA US Acting President and CFO. “We invest in renewable energy to become more sustainable as a business and also because it makes good business sense. And as a home furnishings retailer with sustainability in our roots, we are committed to providing products and solutions that help our customers be more sustainable in their everyday lives.”
IKEA Group has now committed to own and operate 279 wind turbines in nine countries, and will invest a total of $1.9 billion in wind and solar power up to the end of 2015.
Picture credit: © Bahrialtay | Dreamstime.com - Wind Turbine Photo