The 160MW of solar power from the eight solar parks will provide enough electricity to power all 17 Ikea stories in Russia, as well as the 14 Ikea-owned MEGA shopping centres in the country.
Despite being the largest country in the world, Russia had only installed 1.43GW of solar energy and 945MW of wind power by the end of 2020, according to the International Renewable Energy Agency.
Ingka is no stranger to renewable energy, having invested €2.5bn in more than 1.7GW of wind and solar power across 14 countries since 2009, and it now generates 132% more clean energy than it uses.
Ikea aims to be climate-positive by 2030, in other words reducing more greenhouse gas emissions than its entire value chain emits.
BlackRock Real Assets closes $4 8 billion green energy fund
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