31 Jul '11, 11pm

Ikea assembles UK renewable energy portfolio

Swedish furniture giant IKEA has announced that it has purchased a Scottish wind farm and will spend £4m installing solar panels on the roofs of 10 of its UK stores in a bid to cushion the company against rising energy prices. The company announced late last week that it had purchased the 12.3MW wind farm in Huntly, Aberdeenshire, for an undisclosed sum. Its seven turbines are expected to produce enough electricity to supply five IKEA stores or around 30 per cent of IKEA's total consumption in the UK. FURTHER READING M&S abandons solar array after feed-in tariff cuts John Lewis plans 150 renewable energy centres A spokesman for the company confirmed IKEA would look to expand its wind energy portfolio in the UK further, but declined to give any further details. The group now owns 67 turbines and almost 130MW of wind energy capacity globally, after it sealed similar deals in...

Full article: http://www.businessgreen.com/bg/news/2098086/ikea-assembl...

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