en.Wedoany.com Reported - Ingka Group, through its investment arm Ingka Investments, has acquired two solar parks in Spain. One is already operational, while the other is expected to add 55 GWh of electricity generation annually once connected to the grid, with a combined annual output of 106 GWh.
Ingka Group, the world's largest IKEA store operator, runs 411 stores across 32 countries and is ranked 15th among the top 250 most sustainable companies globally by Sustainability Magazine. The group aims to achieve net-zero emissions by 2050, has reduced total emissions by 30.1% since 2016, and plans to invest $8.6 billion in renewable energy, battery storage, and climate technology by 2030. Its global energy portfolio currently includes 49 wind farms and 26 solar parks, with a total capacity of 2.2 GW.
Among the newly acquired solar parks, the first project, named La Oliva, is located in the Toledo region and is already operational, with an expected annual output of 51 GWh. The second project, located in Murcia, is projected to generate 55 GWh annually once connected to the grid. Peter van der Poel, Managing Director of Ingka Investments, stated that these acquisitions are part of the company's broader strategy on the Iberian Peninsula. The company also has an existing wind farm in Portugal, where it is installing solar panels, a process known as "hybridisation."
Once the two new solar parks and the Portuguese retrofit project are operational, Ingka Investments' annual renewable energy output on the Iberian Peninsula will reach 323 GWh. Peter van der Poel noted that this is a significant step amid the growing importance of local energy, but more work remains to be done.
Frederik de Jong, Head of Renewable Energy at Ingka Investments, pointed out that against the backdrop of volatile energy prices and supply uncertainty in Europe, the projects in Toledo and Murcia help enhance the resilience and interconnectivity of the regional energy system. Spain, with 270 to 320 sunny days per year and abundant solar resources, is a key reason for the company's investment.
Karen Pflug, Chief Sustainability Officer of Ingka Group, stated that strengthening Europe's renewable energy capacity is crucial for climate progress and long-term stability. Expanding the footprint in Spain and creating hybrid wind and solar assets helps build a more flexible and interconnected energy system. Currently, Spain's installed solar photovoltaic capacity exceeds 32 GW, making it the country's largest single source of electricity, with nearly 9 GW added last year alone. While Ingka's additional 106 GWh annual output represents a small share, its symbolic significance lies in demonstrating the growing corporate interest in Spain's energy transition.
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