IKEA commit to renewable energy investment 12th August, 2013 Daniel Birkett
The world’s largest Furniture retailers, IKEA have purchased a 7.65MW Irish wind farm as the company looks to expand its wind and solar power portfolio to generate its own renewable energy.
Mainstream Renewable Power, a global wind and solar company have agreed a deal to sell their 7.65MW Carrickeeny wind farm to IKEA. Construction has already begun on the project which is situated in Leitrim, North West of Ireland and is expected to be fully operation in 2014 which is when the purchase will be completed. The deal will also see Mainstream continue to operate and maintain the wind farm for its 20-year lifespan.
IKEA plan to invest £1.5bn in solar and wind projects up to 2015 as part of the company’s sustainability strategy to generate the same amount of renewable energy as it consumes by 2020. Following the purchase of the Carrickeeny wind farm the total number of wind turbines owned by the IKEA group is now 137.
The Head of Sustainability of IKEA UK & Ireland, Joanna Yarrow said: “Our investments in renewable energy not only help to reduce carbon dioxide emissions from our operations in Ireland, but also, together with our energy efficiency efforts, help to control our electricity costs so we can pass any benefits to our customers by continuing to offer high quality home furnishings at low prices. Companies, individuals or governments – we all have responsibility to address the resource dilemma and commit to a more sustainable future. Producing our own affordable, renewable electricity gets us one step closer to becoming completely energy independent by 2020, while ensuring our commercial success.”
IKEA are not the only company striving to improve their sustainability and carbon footprint as Apollo Enviro have recently reported on Sainsbury’s and Microsoft’s commitment to renewable energy.