Potential offtaker

Ingka Group

Estimated electricity consumption


Countries of production presence


Ingka Group is a non-profit organization based in the Netherlands that is committed to decarbonization and the promotion of renewable energy. The organization operates in the corporate energy sector, providing corporate power purchase agreements (PPAs) to companies looking to transition to renewable energy sources.

Ingka Group was founded in 1943 as IKEA, a Swedish furniture retailer. Over the years, the company has expanded into a global brand with stores in over 50 countries. In 2018, the company rebranded as Ingka Group to reflect its broader focus on sustainability and social responsibility.

One of Ingka Group's primary goals is to reduce its carbon footprint and promote decarbonization. The company has set a target to become climate positive by 2030, meaning that it will reduce more greenhouse gas emissions than it produces. To achieve this goal, Ingka Group is investing in renewable energy projects, energy efficiency measures, and sustainable transportation.

Ingka Group is also committed to helping other companies transition to renewable energy sources. The company offers corporate PPAs, which allow companies to purchase renewable energy directly from a renewable energy project. This helps to support the development of new renewable energy projects and provides companies with a stable and predictable source of energy.

Corporate PPAs are becoming an increasingly popular way for companies to meet their sustainability goals. By purchasing renewable energy directly from a project, companies can reduce their carbon footprint and demonstrate their commitment to sustainability. Ingka Group has been a leader in the corporate PPA market, having already signed agreements for over 900 MW of renewable energy capacity.

In addition to offering corporate PPAs, Ingka Group is also investing in renewable energy projects directly. The company has invested in wind and solar projects in several countries, including the United States, Russia, and Spain. These projects help to increase the supply of renewable energy and reduce the reliance on fossil fuels.

Ingka Group is also focused on energy efficiency measures to reduce its overall energy consumption. The company has implemented energy-saving measures in its stores and warehouses, such as LED lighting and energy-efficient heating and cooling systems. These measures not only reduce the company's carbon footprint but also help to lower its operating costs.

In addition to its focus on sustainability, Ingka Group is also committed to social responsibility. The company has a strong commitment to diversity and inclusion, and it has implemented several initiatives to promote these values. For example, the company has a goal to achieve gender balance at all levels of the organization by 2022.

Ingka Group is also committed to supporting local communities. The company has implemented several initiatives to support local economies and promote sustainable development. For example, the company has invested in sustainable forestry projects in several countries, which help to support local communities and protect biodiversity.

Overall, Ingka Group is a leader in the corporate energy sector, with a strong focus on decarbonization and renewable energy. The company's commitment to sustainability and social responsibility makes it a model for other companies looking to transition to a more sustainable business model. With its focus on renewable energy and energy efficiency, Ingka Group is helping to create a more sustainable future for all.

✓ Re100 Gold member
✓ Science Based Targets member
✓ Declared Net Zero commitment