6 months ago
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Ingka Investments, the concern limb of Ingka Group, the largest IKEA retailer, said it has made a 100% involvement concern successful a subsidy-free 210 MWp star task located successful Bikaner, Rajasthan, India as part of it’s ₹1,000 crore concern program successful renewable vigor successful India.
The star task has reached ready-to-build presumption and operation volition commencement shortly. Start of operations is scheduled successful December 2026. The full expected accumulation is 380 GWh per year, the institution said.
Frederik de Jong, Head of Renewable Energy astatine Ingka Investments, said: “This is simply a milestone acquisition for america – it marks the archetypal renewable vigor concern for Ingka Investments successful India – a state of outmost value some for IKEA retail and the IKEA proviso chain.”
“The caller star task successful India volition nutrient 380 GWh of renewable vigor annually - much than capable to powerfulness our increasing retail, buying centre, and organisation operations. It’s a large measurement successful making our retail concern successful India much sustainable, efficient, and future-ready,” helium said.
As portion of a planetary commitment, EUR 7.5 cardinal has been committed to enactment 100 percent renewable vigor depletion crossed the worth concatenation and beyond by 2030. Ingka Investments has invested and committed EUR 4.2 cardinal into renewable vigor projects successful upwind and star powerfulness worldwide.
In India, the institution is moving with ib vogt, an integrated large-scale star PV developer headquartered successful Germany with a beardown beingness successful India and is developing, constructing, and operating assorted ample standard RE projects crossed India.
ib vogt Solar India volition besides beryllium the spouse for operation and the archetypal 3 years of operations. The operation and operations of the star task volition supply important section employment estimated astir 450 radical during operation and 10 to 15 during operations, the institution said.
Patrik Antoni, CEO, IKEA India said, “Over the past 8 years, we person invested successful making our retail travel much sustainable. Designed with vigor ratio astatine the core, 2 of our large-format stores (Bangalore and Navi Mumbai) are LEED Gold certified, and we are moving towards Platinum certification successful Gurugram and Noida.
