STOCKHOLM – Ingka Group, the proprietor of most IKEA shops worldwide, on Monday mentioned it has agreed to purchase a 49-percent stake in three wind growth initiatives offshore Sweden from renewables growth firm OX2 for 58 million euros ($57.5 million).
Ingka Investments, the funding arm of Ingka Group, mentioned in an announcement the early-stage initiatives – two within the Baltic Sea and one off the southwest coast – have the potential to achieve a complete put in capability of 9,000 megawatts (MW).
“The initiatives have the potential to provide as much as 38 TWh (terawatt-hours) mixed, as soon as operational, equivalent to greater than 25 % of the electrical energy consumed in Sweden 2021,” it mentioned.
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Carry on studying: IKEA shops proprietor buys 49% stake in Swedish wind energy initiatives