INGKA Holding, the holding company of Swedish furniture giant IKEA, said it plans to invest 340 million euros in seven solar parks developed by Enerparc in Germany and Spain. In the future, IKEA said it will partner with Svea Solar to sell residential PV systems.

The projects should be ready to start construction by the end of 2022. They will be connected to the grid in 2023, IKEA said, adding that the total capacity will reach 300 megawatts, of which 160 megawatts will be deployed in Germany and 140 megawatts in Spain.

The group also said it would update its quotations for “Solstrale”, a residential PV application launched in 2019. Through a partnership with Swedish installer Svea Solar, IKEA will sell residential PV systems and batteries to its customers in Germany. Additionally, customers can also purchase charging stations for their electric vehicles.

IKEA said the base offer for a 3.2kW PV system, including installation, is 8,500 euros. Individual quotes can be requested directly from Svea Solar. IKEA is currently active in the photovoltaic industry in Sweden, France, Australia, Italy, Germany, Switzerland, Belgium, Poland and the United Kingdom. IKEA is also trying to meet its own electricity needs with renewable energy. Its goal is to achieve climate neutrality globally by 2030.Editor/XingWentao