Monday, September 16, 2019

IKEA Partner Invests In Utah Solar Project

Netherlands-based Ingka Group--which owns a massive portfolio of solar photovoltaic (PV) panels on IKEA stores--says it has acquired a 49 percent stake in a set of solar PV projects in Utah and Texas. According to Ingka Group, the off-site solar power plants for Ingka Group will include 636,000 panels in Utah. The deal also encompasses 823,000 panels in Texas. The development includes a total of 403 megawatts in photovoltaic capacity. Financial details of the deal were not announced.