Swedish Ingka Group says wind parks bought in Romania can power up 65 IKEA stores

Swedish Ingka Group, a strategic partner of the IKEA franchise system, officially announced on September 13 that it bought 80 percent of seven wind parks in Romania from Danish group Vestas.

The two sides have already signed the deal, which is subject to clearance from the relevant local authorities (Competition Council). Vestas announced at the end of August that it sold 80% of its wind parks in Romania for 136 million Euro, without mentioning the buyer, Romania Insider reads.

The acquisition was carried out by Ingka Group’s investment arm – Ingka Investments, which is also the biggest private owner of forests in Romania. The wind parks include 64 turbines with a total capacity of 171 MW.

“The combined performance of the wind parks represents the equivalent of the consumption of over 65 IKEA stores or 150,000 households in Romania, and it is higher than the consumption of the IKEA supply chain in Romania,” the group said in a press release.

The group currently has 900,000 solar panels and 534 wind turbines in 14 countries. Ingka Group, whose name comes from IKEA founder Ingvar Kamprad, operates 367 IKEA stores and 45 shopping centers that include IKEA stores.