We are investing in renewable energy to support the transition towards a renewable energy future. We invest in utility-scale wind, solar and storage projects to increase the share of renewable energy in our own operations and in the wider electricity grid. 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.
Renewable Energy Investments
We invest in solar and wind projects to increase the share of renewable energy
“Today, Ingka Investments has invested and committed EUR 4.3 billion in renewable energy assets.”
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.
Our renewable energy investments focus on developing and acquiring new generation capacity — wind, solar and storage — that adds to the grid rather than simply purchasing existing assets.
Our portfolio in numbers
We have invested or committed to invest over EUR 4.3 billion in renewable energy production assets, like wind and solar.
We are invested in 49 wind farms, and 26 solar parks (fully owned, partially owned or minority owned).
We have one battery storage project in operation.
Our capabilities
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
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Latest news
Ingka Investments Sustainability
18 June 2026
Ingka Group acquires first solar parks in Spain, strengthening Iberia as strategic renewable energy market
Ingka Investments Sustainability
9 April 2026
Ingka Group powers Germany’s solar development with new investments
Ingka Investments Sustainability
5 March 2026
Ingka Group unveils hybrid power park in Portugal, unlocking 233 GWh
Ingka Investments Sustainability
31 October 2025
Ingka Investments makes its first renewable energy investment in India
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
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
Charging ahead: Ingka Group’s first renewable energy battery storage project now operational
Ingka Investments Sustainability
12 July 2023
Ingka Investments acquires 49% stake in solar PV development portfolio in Italy
Ingka Investments
2 August 2023
Ingka Investments joins UtsiraVIND Consortium
Ingka Investments Sustainability
3 April 2023
Ingka Investments accelerates renewable energy push in Australia by purchasing NSW solar parks
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