IKEA, recognized by The Guardian, vows to be a net exporter of renewables by - Smart Energy Decisions

Commercial, Distributed Generation, Solar, Sourcing Renewables, Wind  -  June 1, 2016

IKEA, vowing to be net exporter of renewables, wins sustainable business award

London-based newspaper The Guardian recently recognized Swedish furniture retailer IKEA for its accomplishments in renewable energy sourcing and energy efficiency. 

Granting IKEA as the winner of the net positive category of the Guardian Sustainable Business Awards, the newspaper credited the company's commitments to renewable energy sources, low-energy products and emissions reductions within its supply chain. Additionally, ahead of the landmark climate deal reached in Paris in late 2015, the newspaper said IKEA had already pledged to invest £471 million (about $679 million), in renewable energy projects in addition to an earlier £1.2 billion (about $1.7 billion) cash injection. 

The Guardian wrote May 27: 

Ikea plans to be a net exporter of renewable energy within four years. The retailer currently produces 53% of its energy from renewable sources: it operates 314 wind turbines and has installed 700,000 solar panels on its stores and distribution centres. In some countries – such as Denmark, Finland, Norway, Sweden and Poland – the retailer already produces energy equivalent to what it uses in its operations. In Canada, its wind farm produces more than double its consumption.

In the U.S., IKEA has invested big in solar: the company in May announced plans for its 44th project. At the time, IKEA touted the presence of solar atop nearly 90% of its U.S. locations, with a total generation goal of more than 40 MW. 

Keywords: IKEA, the Guardian

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