News | Energy Efficiency

http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/wind/ikea-buys-german-wind-farms-from-gamesa.html

Retailing giant Ikea has acquired six German wind farms from Spain-based turbine manufacturer and project developer Gamesa for an undisclosed sum.

The acquisition will see Ikea take control of wind projects in four different locations with an installed capacity of 45.05MW.
According to reports, the deal brings the number of wind turbines owned by Ikea to 52 after a transaction that saw the company buy four French wind farms in 2009.
The wind assets are in Lower Saxony, Hesse and Rhineland-Palatinate and have recently been developed by Gamesa with the latest extension of the Zettingen project still under construction.
Germany is Ikea’s biggest retail market and the move underscores a growing commitment to by large corporates to invest in the renewable energy sector to mitigate their own emissions.
Other notable investors include Google and food retailer the Co-operative. In addition, US retailing group Walmart has also signed a number of power purchase agreements to buy energy from wind farms.
‘We are conscious of our impact on people and the environment, so we feel duty bound to act responsively in all we do,’ Mikael Ohlsson, CEO of Ikea, said according to a report in the Financial Times.
The deal is thought to have been completed earlier this year and will bring the amount of its power needs it derives from renewable energy to about ten per cent.