IKEA to buy 88MW Canadian wind farm

IKEA is to buy an onshore wind farm in Canada with a capacity of 88MW. It will buy TransAlta’s 51% stake in the Wintering Hills wind farm for around CAD$61 […]

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By Priyanka Shrestha

IKEA is to buy an onshore wind farm in Canada with a capacity of 88MW.

It will buy TransAlta’s 51% stake in the Wintering Hills wind farm for around CAD$61 million (£37m) and Teck Resources’s 49% stake for CAD$58.6 million (£35.6m).

The wind farm was commissioned in 2011 and consists of 55 turbines, generating enough electricity to power 35,000 homes.

The transaction is expected to close next month.

IKEA UK reported a number of sustainability successes in its last financial year.