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Ingka Group, owner of most IKEA stores worldwide, has agreed to acquire a 49 percent stake in eight solar parks in Russia from Solar Systems LLC, marking the company's first renewable energy investment
in the country.
Ingka Investments, the investment arm of the world's largest furniture retailer, said the combined book value of the eight solar parks exceeded 21 billion rubles ($272.
16 million).
IKEA aims to be climate positive by 2030, reducing greenhouse gas emissions by more than the entire IKEA value chain
, from the production of raw materials to the disposal of furniture by customers.
To help achieve this, Ingka Group wants to accelerate investment in renewable energy, with a particular focus on Russia and China
.
Since 2009, the Ingka Group has invested 2.
5 billion euros in renewable energies and recently exceeded its target of producing the same amount of renewable energy consumed by its
own operations.
Ingka Group, owner of most IKEA stores worldwide, has agreed to acquire a 49 percent stake in eight solar parks in Russia from Solar Systems LLC, marking the company's first renewable energy investment
in the country.
Ingka Investments, the investment arm of the world's largest furniture retailer, said the combined book value of the eight solar parks exceeded 21 billion rubles ($272.
16 million).
IKEA aims to be climate positive by 2030, reducing greenhouse gas emissions by more than the entire IKEA value chain
, from the production of raw materials to the disposal of furniture by customers.
To help achieve this, Ingka Group wants to accelerate investment in renewable energy, with a particular focus on Russia and China
.
Since 2009, the Ingka Group has invested 2.
5 billion euros in renewable energies and recently exceeded its target of producing the same amount of renewable energy consumed by its
own operations.
