Business TREND. Buying Solar Parks

Who: IKEA

What: 49% ownership stake in a solar parks, to equal energy consumption of 50 IKEA stores

Which solar park?

• Misae solar project in Texas
  • 567GWh of energy annually

How does the acquisition reflect IKEA’s power usage? IKEA produces more energy than it consumes.

What are IKEA’s clean energy goals?

• consume 100% renewable electricity by 2025 in each of its 30 countries it operates
• phase out fossil fuel-based heating and cooling by 2030
• invested close to €2.5 billion (£2.2bn) in renewable energy since 2009

Energy Live News | IKEA’s owner acquires solar parks in Texas