Solar Panels Now Installed Atop 2/3 of Company’s U.S. Locations
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--IKEA, the world’s leading home furnishings retailer, today officially plugged-in solar energy systems installed at its two Philadelphia-area stores (in Conshohocken and South Philadelphia) as well as atop its U.S. Service Office also in Conshohocken, bringing the total number of completed U.S. solar energy projects for IKEA to 29. Additionally, installations are under way at 10 more locations, making the eventual U.S. solar presence of IKEA nearly 89% with a total generation of 38 MW.
IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed to a solar lease or PPA (power purchase agreement). Globally, IKEA has allocated €590 million to invest in renewable energy, focusing on solar and wind during the coming three years. This investment reinforces the long-term commitment of IKEA to sustainability and confidence in photovoltaic (PV) technology. More than 250,000 solar panels have been installed on IKEA stores and buildings across the world. The company also owns and/or operates approximately 110 wind turbines in Europe.
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