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IKEA invests in Renewable energy

13 Aug 2013
The furniture retail giant is buying the 7.65 MW Carrickeeny Wind Farm from Mainstream Renewable Power.

Mainstream has commenced construction of the project which is located in Leitrim in the North West of Ireland - it is expected to be operational in early 2014 at which point IKEA will purchase the plant. As part of the deal Mainstream will continue to operate and maintain the wind farm on behalf of IKEA for its 20-year lifespan.

The IKEA Group plans to invest £1.5 bn in wind energy and solar programmes up to 2015. This acquisition will increase the total number of wind turbines they have committed to owning and operating to 137.

The project forms part of the IKEA Group’s sustainability strategy to generate as much renewable energy as it consumes by 2020, of which wind energy is a key player.

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