IKEA, under the Ingka Group, is taking decisive action in renewable energy investments worldwide. With a bold commitment to become climate positive by 2030, the company is investing heavily in wind, solar, and innovative energy technologies, setting a powerful example for Swedish and global corporations alike.
Ingka Group's €7.5 Billion Commitment to Renewable Energy
As of early 2025, Ingka Group has committed over €4.2 billion to renewable energy assets, including 49 wind farms across 17 countries and 26 solar parks in 9 countries. Together, these initiatives produce renewable energy equivalent to the consumption of over 1.47 million European households.
The company aims to grow this investment to €7.5 billion by 2030, earmarking €6.5 billion for direct renewable energy production and €1 billion for innovations like energy storage and synthetic fuels.
Major Projects in Sweden
Offshore Wind Developments
Ingka Group has strategically invested in offshore wind projects in Sweden, contributing to an impressive 9,000 MW of potential capacity. These projects could generate up to 38 TWh annually, equivalent to over 25% of Sweden's total electricity consumption.
Neptunus Offshore Energy Hub
A landmark initiative includes the Neptunus offshore energy hub, planned to feature up to 207 wind turbines with a total capacity of 3,100 MW. This installation aims to produce approximately 13-15 TWh of clean electricity each year, alongside offshore hydrogen production and environmental enhancement projects for the Baltic Sea.
Expanding Global Renewable Energy Projects
Europe
Ingka Group has made robust investments in solar energy, acquiring numerous solar PV park projects across Germany and Spain. These projects are forecasted to supply electricity for approximately 140,000 European households, reinforcing IKEA's leadership in sustainable energy.
Australia
In Australia, Ingka Group marked its first renewable investment with a 15% stake in the Golden Plains Wind Farm, one of the largest onshore wind farms globally. The facility, once complete, will power over 750,000 homes, representing a significant contribution to regional energy needs.
Innovative Energy Solutions and Customer Engagement
Strömma Initiative
In a customer-focused move, IKEA Sweden launched the Strömma initiative, enabling customers to purchase renewable wind and solar energy through a mobile app. This platform also allows real-time tracking of individual energy usage, supporting more sustainable lifestyles.
Home Energy Solutions
IKEA is providing a suite of products and services to help customers reduce household energy consumption. Offerings include high-efficiency appliances, LED lighting, and heat pumps, complemented by partnerships with local service providers for affordable, eco-friendly home upgrades.
IKEA's Path to Climate Positivity
The company’s renewable energy investments form part of a comprehensive strategy to achieve climate positivity by 2030. This vision includes reducing greenhouse gas emissions throughout IKEA’s value chain and contributing to global efforts to limit temperature rise to 1.5°C.
These actions encompass substantial emissions cuts, adoption of carbon removal technologies, and support for biodiversity and ecological restoration initiatives.
Conclusion
IKEA's renewable energy ventures, spearheaded by Ingka Group, are setting benchmarks for corporate sustainability worldwide. With significant projects in Sweden and across the globe, IKEA is demonstrating how business practices can integrate ecological responsibility without compromising growth.
As these initiatives expand, they not only contribute to IKEA’s climate-positive ambitions but also inspire broader adoption of sustainable business strategies.
Frequently Asked Questions (F.A.Q)
Q1: What is IKEA's target year for climate positivity?
A1: IKEA aims to become climate positive by 2030.
Q2: How much has Ingka Group invested in renewable energy as of 2025?
A2: Ingka Group has invested over €4.2 billion, with a target of €7.5 billion by 2030.
Q3: What is the capacity of the Neptunus offshore energy hub?
A3: The Neptunus hub will have a capacity of 3,100 MW, producing approximately 13-15 TWh annually.
Q4: How is IKEA supporting customers to reduce home energy use?
A4: Through energy-efficient appliances, LED lighting, heat pumps, and partnerships offering affordable sustainable solutions.
Q5: What is the Strömma initiative?
A5: A program offering IKEA Sweden customers renewable electricity via an app with real-time usage tracking.
