IKEA invests in Baltic Sea offshore wind totaling up to 9GW
The Swedish company’s investment arm is buying 49% if three OX2 projects, thereby stepping up competition to develop Swedish offshore wind among incumbents like Ørsted.
BY MAZ PLECHINGER, TRANSLATED BY DANIEL FRANK CHRISTENSEN
One of the tools enabling the green energy transition is apparently the Allen key. In any case, IKEA’s parent company, the Ingka Group, has now taken one step further toward expanding the furniture supplier’s sustainability profile after having purchased a 49% stake in compatriot developer OX2’s three Swedish offshore wind projects, Galatea-Galene, Triton and Aurora – a triplet that could get as big as 9GW.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
IKEA acquires Polish wind and solar projects from OX2
For subscribers
.jpg&w=384&q=75){kind=logo}