IKEA has bought a 46 megawatt (MW) wind farm in Canada, another boost to the retail giant’s fast-growing renewables portfolio which now produces enough power globally to match a third of its energy use.
This week IKEA Group announced the purchase of a 20-turbine wind farm in Alberta, Canada, which is expected to generate 161 gigawatt hours each year—more than double the total energy consumption of IKEA Canada, and the equivalent of 60% of IKEA Group’s electricity consumption in the whole of North America.
The purchase makes the wind farm, which will be fully operational by the end of 2014, the largest owned by a Canadian retailer. The power generated by the wind farm will feed into Alberta’s energy grid, which will increase the availability of renewable energy in the growing energy market.
Honourable Ken Hughes, Minister of Energy, Alberta, said in a statement: “The development of renewable energy has been and will continue to be important to a sustainable future for Alberta. IKEA Canada is demonstrating a long-term commitment to both the province and our energy footprint with the development of this important project.”
Globally, IKEA has committed to 157 wind turbines and has installed around 550,000 solar panels on its buildings, and in the fiscal year 2013, IKEA produced enough renewable energy to match 37% of its consumption.
Kerri Molinaro, President, IKEA Canada, said: “IKEA’s investments in renewable energy are a win-win-win. We are able to support the transition to a low carbon future, reduce our energy and operating costs, and pass those benefits on to our customers by continuing to offer high quality home furnishings at low prices. This wind farm in Alberta, along with existing solar installations at three of our Ontario stores, is a significant step to achieving IKEA’s global ambition to be energy independent by 2020, producing more renewable energy than we consume.”
IKEA has also committed €1.5 billion to invest in renewable energy until 2015 to get closer to its target to go 100% renewable energy by 2020.
The wind farm in Alberta is currently being constructed by Mainstream Renewable Power.