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Renewable Energy Investments

We invest in renewable energy to speed up our journey to a more sustainable world

We are investing in renewable energy to support the transition towards a renewable energy future. The investments are supporting a reduction of the IKEA climate footprint and a broader transition to a net-zero society. Using renewable energy across IKEA operations and value chain is a significant part of delivering on our science-based targets and commitment to the Paris Agreement.

“By 2030, we will have invested or committed to invest EUR 7.5 billion into the renewable energy sector.”

Investment scope

Shifting our energy consumption from fossil fuels to renewables is a huge and complicated challenge, so we are investing in technological solutions to help us bridge this gap.

We develop, construct, acquire and operate utility-scale wind, solar and storage projects and sell renewable energy to reduce the climate footprint of Ingka Group and the IKEA value chain. We also invest in technologies designed to support the energy transition, from storage solutions to e-fuels.

Our ultimate ambition is to build integrated utility capabilities so that we can produce renewable energy and sell it throughout our whole value chain to run more sustainably.

Our portfolio in numbers

As at January 2025

We have invested or committed to invest over EUR 4.2 billion in renewable energy production assets, like wind and solar.

The facilities we own, generate renewable energy power equivalent to the annual consumption of over 1.47 million European households.

We are invested in 49 wind farms in 17 countries, and 26 solar parks in 9 countries (operational and committed).

We have one battery storage project in operation.

Our commitment

We have an important role to play in encouraging the production of more renewable energy, rather than just buying up scarce renewable energy. Therefore, by 2030 we will have invested or committed to invest EUR 6.5 billion to produce 15 terawatt hours. We have also earmarked an additional EUR 1 billion for investments in technologies and innovation to support the energy transition, from storage solutions to e-fuels.

Graphic showing EUR 6.5bn in production assets like wind and solar + EUR 1bn in innovation and transitional technologies = EUR 7.5bn into the renewable energy sector by 2030

Our capabilities

We are operating as a medium-size power company. Having competence in all parts of the energy value chain gives us new investment opportunities, strengthens our business and our ability to support the IKEA value chain and retail ambitions. We have 10 in-house capability teams involved at different stages of our assets.

  • Acquisition energy projects
  • In-house development energy projects
  • Off-shore partnerships
  • In-house construction
  • Asset management
  • Sales from Ingka projects to power market and to inhouse supply business
  • Supply business from Ingka projects and power markets to B2B end customer
  • Solutions support energy specific operations
  • Business navigation, finance and control
  • Investments and partnerships transition frame
Diagram showing renewable energy capabilities

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Latest news

Ingka Investments

10 June 2025

Ingka Investments strengthens renewable energy commitment with first solar PV portfolio acquisition in the Netherlands

Ingka Investments Sustainability

24 April 2025

Ingka Investments first solar park in Poland is now operational

Solar park

Ingka Investments Sustainability

21 March 2025

Ingka builds its first internally developed solar park in South Carolina (74.9MWac)

Ingka Investments

26 March 2025

Ingka Investments, Oxan Energy and Avapa Energy to develop offshore wind projects in Italy

Ingka Investments

18 November 2024

Ingka Investments and Oxan Energy prequalified for offshore wind tender in France

Sustainability

6 February 2025

Ingka Investments in agreement with GREEN14 to support more sustainable silicon production

Ingka Investments

30 October 2024

Ingka Investments’ first French solar PV park is now fully operational

Ingka Investments

11 October 2024

Ingka Investments secures 15% of Stage 2 in southern hemisphere’s largest wind farm

Ingka Investments

10 September 2024

Ingka Investments opens 62.5 MW wind farm in Poland

Cameron Battery Storage from above

Charging ahead: Ingka Group’s first renewable energy battery storage project now operational

Solar park

Ingka Investments Sustainability

12 July 2023

Ingka Investments acquires 49% stake in solar PV development portfolio in Italy

Ingka Investments joins UtsiraVIND Consortium

Ingka Investments

2 August 2023

Ingka Investments joins UtsiraVIND Consortium

Ingka Investments accelerates renewable energy push in Australia by purchasing NSW solar parks

Ingka Investments Sustainability

3 April 2023

Ingka Investments accelerates renewable energy push in Australia by purchasing NSW solar parks

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