Ingka Group acquires Utah, Texas solar parks to boost renewable energy generation
Ingka Investments, the investment arm of Ingka Group (owner and operator of 380 IKEA stores in 30 countries), has taken over two solar photovoltaic (PV) projects in the U.S. after completing the acquisition of 49% ownership stake in each of them, which will help the company generate more renewable energy than ever before.In September last year, Ingka Investments reached an agreement with Copenhagen Infrastructure Partners (CIP) to acquire 49% stake in these two Solar PV projects. With a total of 403 mega-watt capacity, this development ranks among the larger solar PV projects in the United