Ingka Group unveils hybrid power park in Portugal, unlocking 233 GWh

The existing wind park currently consists of 25 wind turbines with an installed capacity of 50 MW, which is equivalent to the energy needed to power 30 IKEA stores. The hybridization of the park represents the next phase in the development of this strategic asset, maximizing its potential for clean energy generation by adding solar panels at the same location, utilizing the same grid connection point. The solar park will generate 83 GWh per year, which will be added to the 150 GWh already produced by the wind farm, resulting in a total of 233 GWh. Even with some export limitations, this boosts the grid’s capacity factor from 34% to 50% and better aligns power generation with Ingka Group’s peak daytime consumption.

Ingka Group, the largest IKEA retailer, believes in a better everyday life for the many people. That includes a better planet. For many years, the company’s investment arm Ingka Investments has been investing significantly in renewable energy, growing capacity to gigawatt scale, comparable to a medium-sized renewable energy company. Around €4.3 billion has already been invested or committed to renewable energy, with up to €7.5 billion planned by 2030. The ambition is to reach approximately 15 TWh of annual renewable energy production, enough to power more than 4 million households or around 5–6 million electric vehicles each year. This new hybrid park in Portugal is a shining example of this commitment, demonstrating how the company can accelerate the transition to a low-carbon economy.

Why is this hybrid park so smart for our planet and our energy needs:

• More power from the same location, using the same grid connection point: This innovative park will maximize the full-load hours of the existing connection point. By placing solar panels alongside wind turbines – using smart designs like vertical or bifacial panels that catch sunlight from both sides – you get more clean energy for more people, without needing to expand the grid connection capacity. It’s about optimizing existing infrastructure for maximum output.
• Harnessing nature’s rhythm: Wind and sun power our hybrid park. When there’s less wind, the sun can help, and vice versa. This means you can get a more steady and predictable flow of energy. While it won’t always be generating, combining wind and solar makes our power supply more reliable.
• Model for sustainable growth: This hybrid energy system embodies the principle of optimizing existing resources for maximum output. It shows how innovative technology can drive efficiency gains and support the expansion of renewable energy. It proves that scaling operations and reducing your environmental footprint can be pursued simultaneously.

Through its investment arm Ingka Investments, Ingka Group today owns and operates 49 wind farms across 17 countries and 26 solar parks in nine countries, producing more than 5 TWh of electricity annually – equivalent to the yearly consumption of over 1.47 million European households.

About Ingka Group 

With IKEA retail operations in 32 markets, Ingka Group is the largest IKEA retailer and represents 87% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.