Ingka Investments

We’re excited to announce our latest investment, helping to secure long-term access to renewable energy in the Asia-Pacific region. Ingka Investments has made its second investment in TagEnergy’s 1,333MW Golden Plains Wind Farm in Victoria, Australia, taking a 15 percent stake in Stage 2 of the $4 billion AUD/2.5 billion EUR mega-project.  Currently the biggest wind farm in the southern hemisphere, Golden Plains Wind Farm will deliver 9% of Victoria’s energy when completed in mid-2027. “This 15% stake in Stage 2 highlights our dedication to securing renewable energy for IKEA retail countries and advancing sustainability goals. It also strengthens our ability to support value chain partners with renewable energy solutions, promoting a sustainable future for all.” - Frederik de Jong, Ingka Investments Head of Renewable Energy. Read the press release: https://lnkd.in/dY__JgHe #RenewableEnergy #Sustainability #CleanEnergyFuture 

Climate Week kicks off in New York City this week and once again Ingka Group is hosting Action Speaks, a forum to spark real change for people and planet. At Ingka Investments, we’re focused on accelerating Ingka Group’s business transformation for a more sustainable future. At this year’s Action Speaks event, we’re showcasing some of our invested companies, highlighting how we’re working together on innovative climate solutions. Morssinkhof - Rymoplast - one of the world's leading producers of high-grade recycled plastics and contributing to saving over 1,000,000 tonnes of annual CO2eq., is supporting Ingka Group in our transition towards using more recycled and renewable materials. RetourMatras Group - mattress dismantler giving a second life to up to 85% of a mattress, preparing materials for re-use and inhouse upcycling of recovered polyurethane foam. Used by clients like IKEA, to replace fossil-based materials with foam. Winnow - provider of AI-enabled food waste tracking and analytics solutions to help reduce food waste in large-scale commercial kitchens, like IKEA, preventing 87,000 tonnes of annual CO2eq. Planet First Partners - a growth equity platform helping to scale tech-enabled businesses that combine a purpose-driven mission, profitable growth, and a people-centric culture. Ocean 14 Capital - the leading blue economy growth fund focused on transforming the industry through late-stage venture and growth investments in ocean businesses, building out data-led, technology-enabled, circular and regenerative by design industrial scale. And thanks to the Taskers from Taskrabbit, acquired by Ingka Group in 2017, who helped build the exhibition! Find out more and join our fast-growing climate community: https://lnkd.in/gyp8EWMX #ClimateWeekNYC #ClimateActionSpeaks #ActionSpeaks #CommittoClimate

Good luck to the Brunel Solar Team as they head to South Africa to defend their four-time title in the 2024 Sasol Solar Challenge 🏆 The team aims to promote awareness of the power of sustainable energy through innovation and demonstrate the possibilities of solar power technology. We have been a sponsor of the Brunel Solar teams for the past three years, and are proud to support and encourage technological research and advancements in renewable energy through this initiative. Best of luck for the upcoming race! You can follow the team via their dashboard: https://lnkd.in/e4j_UHkF Read more about our renewable energy commitments: https://lnkd.in/gy839_3t #brunelsolarteam #sasolsolarchallenge #RenewableEnergy #SustainableInnovation #SolarPower #CleanEnergy Photo credit: Hans-Peter van Velthoven

Ingka Investments has just opened a new 62.5 MW wind farm in Wysoka, Poland! With 11 of the largest wind turbines in the country, this project will provide renewable energy for IKEA Retail and partners in Poland. With expected production of 180 GWh annually, this wind farm will help power the equivalent of around 250,000 Polish households! 🏡 Globally, Ingka Investments operates 45 wind farms and 12 solar farms, generating over 5 TWh of energy annually. This aligns with our EUR 7.5 billion initiative for 100% renewable energy consumption. Read the press release: https://lnkd.in/grF-Hxag #RenewableEnergy #Sustainability #WindPower #IngkaInvestments #IKEA

We’re thrilled to see Baseload Capital successfully secure additional funding in their latest round. This is something that aligns with our commitment to driving the transition to renewable energy and making sustainable solutions accessible globally. At Ingka Investments, we’re proud to support and amplify efforts that contribute to a cleaner, more sustainable future. Congratulations to the Baseload Capital team on this important milestone! #Sustainability #RenewableEnergy 

Recently, our first ever battery storage project, Cameron Storage, became commercially operational. The standalone 16.4 MW (32.8 MWh) lithium-iron-phosphate battery facility is located next to our Cameron Wind Farm in Cameron County, Texas. It will support the Texas power grid and increase reliability amid fluctuations in supply and demand, therefore reducing pricing peaks. “This is our first battery storage project, and it marks a significant step in our efforts towards supporting the transition towards renewable energy,” said Willem Malda, Ingka Investments’ Renewable Energy Portfolio Operations Manager. “It is part of our EUR 1 billion commitment to invest in transitional technology solutions.” Read the full story: https://lnkd.in/gGahx6eA

Start spreadin’ the news… Ingka Investments makes real estate investment on Fifth Avenue 🗽 Today, Ingka Investments announced a real estate investment on New York City’s iconic Fifth Avenue. The investment in 570 Fifth Avenue will be part of the real estate portfolio of Ingka Investments and marks a significant step in Ingka Group’s long-term strategy to enhance its city center retail presence. A new IKEA customer meeting point will be located in the building’s prime retail space of 80,000 sq ft arranged over two large cellar levels with a corner entrance on Fifth Avenue. The investment is another step in Ingka Group's strategy to evolve its retail operations by adapting to urban growth and changing consumer shopping preferences. Swipe across for more and read the full press release here: https://lnkd.in/gnpTWpxY

At Ingka Investments, we're proud to announce our participation in Waabi's latest funding round. With Waabi's groundbreaking fully driverless autonomous trucks set to hit the roads in 2025, we're thrilled to support their vision of a sustainable and innovative future.   This investment aligns perfectly with our commitment to sustainability and cutting-edge technology. Waabi's advancements promise to revolutionise the logistics industry, reducing emissions and enhancing efficiency in ways that resonate deeply with our values. Read more: https://lnkd.in/g-KZ928t #Sustainability #Innovation #AutonomousVehicles #GreenLogistics #IngkaInvestments #Waabi

Exciting times!

This week marks another great milestone for the first major offshore wind project on the Norwegian continental shelf. The contract between Ventyr and the Norwegian government has been signed and today we met with the Minister of Energy, Terje Aasland. Ventyr SN II is jointly owned by Parkwind and Ingka Investments. We also have a strategic partnership with NorSea Group, a Norwegian supplier company with extensive experience in ports and bases. “Ventyr is excited to take the next step in the development of the Sørlige Nordsjø II project. Together, we are fully committed to drive positive change through innovation in renewable energy and bringing this project to fruition while delivering tangible benefits to local communities and to Norway as a whole. We are honoured to be part of Norway’s renewable energy future and contribute to its ambition to deliver 30 GW of offshore wind power by 2040.” said François van Leeuw on behalf of Ventyr. Full press release from the Norwegian government here: https://lnkd.in/dVJbAa8a