IKEA owner invests in solar electricity in Russia
2021-04-13 11:12

IKEA owner invests in solar electricity in Russia

The Dutch holding Ingka Group, which owns the IKEA chain and Mega, has decided to invest in green generation in Russia. For this purpose, it has acquired 49% of shares in eight solar power plants in the southwest of the country.

It is noted that such foreign investment in renewable energy sources, which was made by a non-commercial company, was the first for the Russian Federation. At the moment, an agreement has been concluded with Solar Systems, which operates in the field of "green energy", and the document is now being approved by the Federal Antimonopoly Service.

The 160-megawatt projects will supply electricity to 17 IKEA stores in Russia and several Mega malls.

Now Ingka owns and manages 550 wind turbines in 14 countries, two solar power stations and 930 thousand solar panels on the roofs of IKEA shops and warehouses. It makes more than 1,7 GW of total installed capacity of renewable energy sources.

The company has equipped its facilities in Russia with 820 solar panels and five wind turbines.

Made in Russia // Made in Russia

Author: Ksenia Gustova