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Swedish furniture company to buy wind farm in Texas

Nov 18, 2014   //   by Kim Alviar   //   New and Views  //  No Comments

IKEA will soon be the new owners of the 165MW Cameron wind farm in Texas, US, which contains 55 turbines. This will be IKEA’s largest single renewable investment. However much energy the company consumes globally, it aims to contribute back to the environment by producing that same amount as renewable energy.

“IKEA believes that the climate challenge requires bold commitment and action, we invest in renewable energy to become more sustainable as a business” says Rob Olson, IKEA US acting president and chief financial officer.

The company is now on the way to owning 279 wind turbines in nine countries and have over 700,000 solar panels installed by the end of 2015. At the moment, under 40,000 solar panels are installed on nine of their UK stores.

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