Ingka Investments Launches First Solar Park in France

Ingka Investments, the investment arm of Ingka Group, has launched a new photovoltaic solar park in Langeron, central France, which is now fully operational. This project, completed in 2023, features 34,500 solar modules and is expected to generate approximately 23 GWh of electricity annually, enough to power over 6,000 households.

Frederik de Jong, Head of Renewable Energy at Ingka Investments, emphasizes the company's commitment to not only purchasing renewable energy but also actively contributing to its production. This investment supports Ingka Group's goal of using 100% renewable electricity in its retail operations by 2025 and aligns with IKEA’s overall net-zero commitment.

The Langeron Solar Park, developed in partnership with Exus Renewables, will officially open on October 30, with local municipal representatives in attendance. Emma Recco, Business Development Manager for IKEA France and General Director of the Langeron solar park, expressed excitement over the investment, noting that it enhances IKEA's renewable energy portfolio, which already includes seven wind farms and over 57,000 solar panels across 23 locations in France.

Ingka Investments has allocated EUR 7.5 billion to ensure 100% renewable energy consumption across its value chain, with over EUR 4 billion already invested in wind and solar projects. This initiative also includes EUR 1 billion earmarked for innovative technologies such as energy storage and hydrogen energy solutions.

Ingka Investments already has a portfolio of seven wind farms in France.