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IKEA to purchase Irish wind farm

IKEA has signed a deal with Mainstream Renewable Power in which it will purchase an Irish wind farm as part of plans to invest £1.5 billion in wind energy and solar programmes up to 2015.

GENERAL MERCHANDISE

IKEA to purchase Irish wind farm

Mainstream has already started work on the construction of the 7.65 megawatt Carrickeeny Wind Farm which is situated in Leitrim in the North West of Ireland. The wind farm is expected to be fully operational in early 2014 at which point IKEA will purchase the plant.

As part of the deal, Mainstream will continue to operate and maintain the wind farm on IKEA’s behalf for its 20-year lifespan.

Wind energy is a key part of IKEA Group's sustainability strategy to generate as much renewable energy as it consumes by 2020. This acquisition will increase the total number of wind turbines that the IKEA Group has committed to owning and operating to 137.

Joanna Yarrow, head of sustainability IKEA UK and Ireland said: "Our investments in renewable energy not only help to reduce carbon dioxide emissions from our operations in Ireland, but also, together with our energy efficiencyefforts, help to control our electricity costs so we can pass any benefits to our customers by continuing to offer high quality home furnishings at low prices. Companies,individuals or governments - we all have responsibility to address the resource dilemma and commit to a more sustainable future.

“Producing our own affordable, renewable electricity gets us one step closer to becoming completely energy independent by 2020, while ensuring our commercial success."

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