Ingka, the majority owner of IKEA stores worldwide, is seeking renewable investment opportunities in South Korea and Japan, with offshore wind being the most promising option.
Everything to know about the April 8 eclipse in Atlantic Canada | SaltWire #eclipse #atlanticcanadaOSLO - Ingka , which owns the majority of IKEA stores worldwide, is seeking its first renewable investment opportunities in South Korea and Japan , with offshore wind the most promising option, the head of its investment arm said.
The company has no investments in wind or solar in either of the two Asian countries at the moment, and given the high prices of land, offshore might be the most feasible way of entering those markets, he added. Ingka Investment has earmarked 7.5 billion euros for investments into renewable energy by 2030, of which 4 billion euros are already committed, with the company owning 2.5 gigawatt of capacity to date.
"We see that offshore wind is a significant part of the decarbonisation for us, but also for Europe," he added.
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