# IKEA is investing $2.8 billion in renewable energy infrastructure

- Link: https://greenlivingguy.com/2019/09/ikea-is-investing-2-8-billion-in-renewable-energy-infrastructure/
- Published: 2019-09-24T22:51:43-04:00
- Author: greenlivingguy

#### ![Source reuters  wolfgang rattay for ikea going all renewables on the quick](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2019/09/img_1396.jpg?resize=780%2C523&quality=52&ssl=1 "img_1396 - The Green Living Guy")

#### **Source: Reuters / Wolfgang Rattay**

[QZ.com](https://qz.com/1712654/ikeas-retail-arm-is-investing-2-8-billion-in-renewable-energy/amp/)
[reports](https://qz.com/1712654/ikeas-retail-arm-is-investing-2-8-billion-in-renewable-energy/amp/):
The world’s largest furniture company is determined to go off-grid, and it’s developing
an affordable solar energy program to convince you to do the same. Timed for the
UN Climate Action Summit in [New York](https://greenlivingguy.com/2018/02/new-york-offshore-wind-alliance-applauds-gov-cuomos-offshore-wind-master-plan/)
this week. Because IKEA’s holding company Ingka Group revealed that it has invested
€2.5 billion ($2.76 billion) in solar and wind renewable energy systems. That’s 
mind you over the last decade to power its global operations. The Leiden-based unit
controls 367 of IKEA’s 423 retail outlets. It already has a stake in two solar parks
in the US. That’s as well as a wind farm in Romania. In addition to 534 wind turbines
in 14 countries. Finally, nearly a million solar panel units on stores. As well 
as distribution centers, and administrative buildings.

#### ![Ikea is investing  8 billion in renewable energy infrastructure](https://i0.wp.com/greenlivingguy.com/wp-content/uploads/2019/09/pexels-photo-1076807.jpg?resize=780%2C541&quality=52&ssl=1 "IKEA is investing .8 billion in renewable energy infrastructure - The Green Living Guy")

**[IKEA](https://greenlivingguy.com/2019/09/how-dupont-corporation-covered-up-years-of-toxic-c-8/)**

The company’s significant investment makes IKEA the rare (they claim to be the only)
global consumer brand to own and operate its own renewable energy infrastructure.
So in comparison, Google is touting having made the “[largest renewable energy purchase in history”.](https://www.greentechmedia.com/articles/read/google-announces-1600-megawatt-in-renewables-purchases)

Yet this week, purchases energy from independent solar farms across the US, Latin
America, and Europe. So big up!! Ingka [reports that its green energy](https://greenlivingguy.com/2006/04/bush-reportedly-regrets-global-warming-energy-policy-decisions/)
infrastructure already generating more electricity than its stores consume. NO WAY!!
The company expects that its entire supply chain will become climate positive by
2030.

#### ![IKEA goes all in on renewable energy](https://i0.wp.com/cms.qz.com//srv/htdocs/wp-content/uploads/2019/09/RTS2G63M.jpg?resize=700%2C476&ssl=1)

REUTERS/WOLFGANG RATTAY

Pia Heidenmark Cook, is head of Ingka Group [Sustainability](https://greenlivingguy.com/2022/04/comparing-the-sustainability-of-different-types-of-energy/)
Group!

In conclusion, so weaning off fossil fuels isn’t just about a social good initiative.
That comment comes from Pia Heidenmark. 

So Pia again is the Ingka Group Chief Sustainability Officer. As a resource-intensive
operation, mitigating its significant carbon footprint is essential to its longevity
as a global enterprise.

**_For the entire story on [QZ.com](https://qz.com/1712654/ikeas-retail-arm-is-investing-2-8-billion-in-renewable-energy/amp/)_**

By [Anne Quito](https://qz.com/author/annequitoqz/) in London

September  21, 2019

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 greenlivingguy

 The Green Living Guy, Seth Leitman is an independent power producer, a green living
expert, and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author,
Radio Host, Reporter, Writer and an Environmental Consultant on green living. The
Green Living Guy writes about green living, green lighting, the green guru guides
and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant
and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric
Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green
Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For 
Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke #
Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power
System by Brian Clark Howard and Kevin Shea # and more green living books to follow.

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