The 160MW of solar power from the eight solar parks will provide enough electricity to power all 17 Ikea stories in Russia, as well as the 14 Ikea-owned MEGA shopping centres in the country.
Despite being the largest country in the world, Russia had only installed 1.43GW of solar energy and 945MW of wind power by the end of 2020, according to the International Renewable Energy Agency.
Ingka is no stranger to renewable energy, having invested €2.5bn in more than 1.7GW of wind and solar power across 14 countries since 2009, and it now generates 132% more clean energy than it uses.
Ikea aims to be climate-positive by 2030, in other words reducing more greenhouse gas emissions than its entire value chain emits.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Fluid Truck Closes $63 Million Series A Round Led by Bison Capital - Joined by Ingka Investments & Sumitomo Corporation of Americas
March 2, 2021 GMT
Fluid Truck logo.
DENVER, March 2, 2021 /PRNewswire/ Fluid Truck, the truck sharing platform for businesses, today announced $63 million in Series A funding. The round was led by Bison Capital, with participation from Ingka Investments (part of Ingka Group, the main IKEA retailer), Sumitomo Corporation of Americas, and Fluid Vehicle Owners. Fluid Truck will use the new funding to continue investing in the platform, scale the engineering and operations teams, and accelerate launching dozens of new markets.
Fluid Truck has built an app-based platform that aims to take away the pain and cost of owning or leasing commercial vehicles, all while grabbing market share from established companies like Penske, Ryder and U-Haul. Now, it has the capital to help it get there. The Denver-based company said Tuesday it raised $63 million in […]
By Arnesia Young on February 16, 2021
Green trees at shady swamp by Altamaha River, Georgia, USA (Photo: Stock Photos from CLP Media/Shutterstock)
As a result of the ongoing climate crisis, many large companies are taking stock of the environmental impact of their business practices. The Ingka Group the investment group behind the multinational Swedish corporation IKEA is actively working towards a vision of environmental protection and sustainability. Their latest step in that direction was a recent purchase of 10,840 acres of forest land near the Altamaha River Basin in Southeast Georgia from The Conservation Fund.
Their most recent acquisition in Georgia isn’t the company’s first, as they have already obtained lands in several regions of the United States, Estonia, Latvia, Lithuania, and Romania. Some of the U.S. locations of their holdings include the states of Alabama, Oklahoma, South