Ingka Investments, as a part of its INR 10 billion (EUR 97.5 million) renewable energy commitment to India, has launched a 210 MWp solar installation in Bikaner, Rajasthan, making it the company’s first renewable investment in the country.
Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, has made a 100% stake investment in a subsidy-free 210 MWp solar project located in Rajasthan, India. The solar project has reached ready-to-build status, and construction will start shortly. Start of operations is scheduled in December 2026. The total expected production is 380 GWh per year.
The investment is a part of the EUR 7.5 billion the company has committed to supporting 100% renewable energy consumption across the value chain and beyond by 2030. Ingka Investments has so far invested and committed EUR 4.2 billion into renewable energy projects in wind and solar energy worldwide.
In India, the company is working with ib vogt, an integrated large-scale solar PV developer headquartered in Germany with a strong presence in India. ib vogt Solar India will also be the partner for construction, and the first three years of operations.
Detailing further, Patrik Antoni, CEO, IKEA India, said, “At IKEA, sustainability is at the heart of everything we do. Over the past eight years, we’ve invested in making our retail journey more sustainable. Designed with energy efficiency at the core, two of our large-format stores in Bangalore and Navi Mumbai are LEED Gold certified, and we are working towards Platinum certification in Gurugram and Noida. As a founding member of RE100, we are on track to power our operations with 100% renewable energy by 2025. We’re also proud of our 100% zero-emission EV deliveries in key cities and are committed to expanding this across all future markets. With EV charging stations in our stores and energy-saving solutions for our customers, and now also an investment in a solar project, we’re inspiring positive change and contributing to a cleaner, more sustainable future for India.”
