en.Wedoany.com Reported - Ingka Group, through its investment arm Ingka Investments, has acquired two solar parks in Spain, located in Villasequilla (Toledo province) and Los Alcázares (Murcia province). These projects are expected to generate 106 GWh of renewable electricity annually.

Amid rising energy price volatility and supply uncertainty in Europe, this move reinforces the Iberian Peninsula's position as a strategic clean energy market. Ingka Group stated that these investments aim to support a more reliable, affordable, and sustainable energy system.

Specifically, the solar farm in Toledo, named "La Oliva," is already operational and generates approximately 51 GWh of electricity per year. The project in Murcia will add another 55 GWh annually. In addition to its solar assets in Spain, Ingka Investments also plans to add solar panels to its wind farm in Portugal, creating a hybrid generation asset. Combined, Ingka Investments' annual renewable energy output in the Iberian Peninsula will reach 323 GWh.

To date, Ingka Group has invested or committed €4.3 billion in renewable energy globally. With its abundant solar resources, expanding renewable energy industry, and policy environment focused on energy independence, Iberia is becoming one of the group's key markets.

Karen Pflug, Chief Sustainability Officer at Ingka Group, stated that strengthening renewable energy capacity in Europe is crucial for both climate progress and long-term stability. By expanding its footprint in Spain and creating hybrid wind and solar assets in Portugal, the company is helping to build a more flexible and interconnected energy system.

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