Furniture retailer IKEA has entered into a deal to purchase the 7.65 MW Carrickeeny Wind Farm, located in Leitrim, Ireland, from wind and solar company Mainstream Renewable Power.
Mainstream has commenced construction of the project, and it is expected to be operational in early 2014, at which point IKEA will buy the plant. As part of the deal, Mainstream will continue to operate and maintain the wind farm on behalf of IKEA for its 20-year lifespan.
The IKEA Group has plans to invest 1.5 billion British pounds in wind energy and solar programs up to 2015. This acquisition will increase the total number of wind turbines that the IKEA Group has committed to owning and operating to 137.
‘Companies, individuals or governments – we all have responsibility to address the resource dilemma and commit to a more sustainable future," comments Joanna Yarrow, head of sustainability IKEA UK and Ireland. "Producing our own affordable, renewable electricity gets us one step closer to becoming completely energy independent by 2020, while ensuring our commercial success.’