IKEA purchases biggest ever wind farm and is going to invest 2 billion dollars in renewable by end of 2015

We know another company which invests in fighting against climate change. IKEA has just announced it has purchased a 165-megawatt wind farm in Texas, US, making it the group’s largest investment in renewable energy to date. The move is part of the home furnishing giant’s pledge to invest €1.5 billion (about US$1.9 billion) in solar and wind energy power by the end of 2015.

 

Earlier this year, IKEA announced the purchase of its first wind farm in the US in Hoopeston, Illinois. With the new addition, the two plants are expected to generate nearly 1,000 gigawatt-hours of electricity per year – as much as the average annual electricity consumption of around 90,000 American households. Globally, the group is building 279 wind turbines in nine different countries.

 

So far, IKEA has generated 1,425 gigawatt-hours of power from renewable sources, also thanks to the 165,000 solar panels installed on 90% of IKEA buildings across the US.

In addition, the group has invested in geothermal integrated into the heating and cooling systems of its two stores in Colorado and Kansas.

“IKEA believes that the climate challenge requires bold commitment and action,” says Rob Olson, IKEA US Acting President and CFO. “We invest in renewable energy to become more sustainable as a business and also because it makes good business sense”.

 

Also Google has announced it will power its new Dutch data center through a 62-megawatt wind energy project, with 18 turbines both onshore and off the coast in the North Sea.

 

IKEA is also part of The Climate Group’s project RE100, launched last September at Climate Week NYC 2014 in partnership with CDPThe project illustrates the economic and environmental benefits of using 100% of renewable energy for business operations by 2020. Along with non-governmental organizations and clean experts, the campaign is supported by leading companies such as IKEA, Swiss Re, BT, Commerzbank, Formula E, H&M, KPN, Mars, Nestlé, Philips, Reed Elesvier, J. Safra Sarasin and Yoox – with many others to come.

ALLCOT