Friday, August 18th, 2017

Ikea invests 600 mln euros to be energy independent by 2020

IKEA said it would invest 600 million euros in renewable energy over five years in a bid to become energy independent by 2020Swedish furniture giant IKEA said Thursday it would invest 600 million euros ($677 million) in renewable energy over five years in a bid to become energy independent by 2020. Being energy independent would mean it produces as much renewable energy as it consumes in its buildings. "The majority of the new commitment (500 million euros) will be invested in wind energy and around 100 million euros is expected to be invested in solar up to 2020," IKEA Group said in a statement.


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