IKEA buys another wind farm in the US

IKEA buys another wind farm in the US

IKEA buys another wind farm

Back in April, IKEA purchased Hoopeston Wind Farm in Vermillion County, Ill, with an installed capacity of 98MW. Now, the Swedish company has purchased another wind farm in the US, this time in Texas.
The Cameron Wind farm is located in the southernmost county of Texas, with a 165MW capacity, and will be built by Apex Clean Energy. The wind farm will be composed of 55 Acciona Windpower turbines each at 3MW of rated power. That brings the total installed capacity in the US to over 1000GW of power which can produce enough electricity to power almost 100k American homes!
IKEA’s purchase in wind farms is a change from its investments in solar. Around 90% of all IKEA owned buildings in the US are topped with solar panels, for a combined capacity of 38MW. The company has a lofty goal set for themselves, that by 2020 they will generate as much clean energy as it consumes globally. That’s a lot of energy!
Rob Olson, acting president and CFO of IKEA USA said:
IKEA believes that the climate challenge requires bold commitment and action. We invest in renewable energy to become more sustainable as a business and also because it makes good business sense. And as a home furnishings retailer with sustainability in our roots, we are committed to providing products and solutions that help our customers be more sustainable in their everyday lives.
IKEA has definitely put their money where their mouth is and continues to make some significant investments in renewables, its future, and the health and well-being of its stakeholders.

Posted By Sally on November 22, 2014 | 0 Comment

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