Monday, September 16, 2019

IKEA Partner Invests In Solar Project In Texas

Netherlands-based Ingka Group--which owns a massive portfolio of solar photovoltaic (PV) panels on IKEA stores--has invested in a set of solar projects that includes a substantial footprint in Texas, the firm said this morning. Ingka Group--which is a strategic partner of the IKEA franchisee system--said it has acquired a 49 percent stake in a set of solar PV projects in Texas and Utah. The deal includes 823,000 panels in Texas and 636,000 panels in Utah, with a total capacity of 403 megawatts. Financial details of the investment were not announced.