IKEA in biggest ever wind energy deal

IKEA said it has made its biggest renewable energy investment to date by buying a 165MW wind project in the US. The Cameron wind farm in southern Texas is being […]

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By Priyanka Shrestha

IKEA said it has made its biggest renewable energy investment to date by buying a 165MW wind project in the US.

The Cameron wind farm in southern Texas is being built by Apex Clean Energy, which will operate it on behalf of IKEA when it enters service by the end of next year.

It follows the first investment made in the US – a wind farm in Hoopeston, Illinois.

Together, the two projects are expected to generate nearly 1,000GWh of electricity every year – equivalent to the annual usage of around 90,000 homes.

The Swedish furniture retail giant has also pledged to invest $1.9 billion in wind and solar power by 2015.

Rob Olson, IKEA US Acting President and CFO said: “We invest in renewable energy to become more sustainable as a business and also because it makes good business sense. And as a home furnishings retailer with sustainability in our roots, we are committed to providing products and solutions that help our customers be more sustainable in their everyday lives.”