IKEA has announced that it will buy a second wind farm in the Canadian province of Alberta, putting the furniture giant on track to produce more renewable energy than it consumes by 2020.
IKEA has agreed to purchase an 88 MW wind farm in Alberta, around 130 km east of Calgary. Consisting of 55 wind turbines, the wind farm is expected to produce 275 million kWh of energy, equivalent to the electricity consumption of 54 IKEA stores or nearly 26,000 Canadian households.
Brendan Seale, the sustainability manager at IKEA Canada, said that the investment “moves us closer to our global ambition to produce more renewable energy than we consume by 2020”.
This is IKEA second renewable energy investment in Alberta following the purchase of a 46MW wind farm in Pincher Creek in 2013.
Together, these two wind farms will produce the equivalent of more than four times the energy that the company consumes in Canada.
IKEA has allocated over EUR 3 billion to become resource and energy independent. Since 2009, it has invested EUR 1.5 billion in renewable energy and has committed an additional EUR 600 million for investments in wind and solar.
It is also investing EUR 1 billion in greening its supply chain by investing in forestry, recycling, and the development of biomaterials and clean energy.
The company owns 327 wind farms and has installed 730,000 solar panels on its buildings worldwide. It already owns forests in Eastern European and is looking to expand its forestry portfolio to North America.