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flag Ingka Investments, IKEA’s U.S. parent, has invested in a 210 MW solar project in India, set to power IKEA’s Indian operations by 2026.

flag Ingka Investments, the parent company of IKEA in the U.S., has made its first renewable energy investment in India with a 100% stake in a 210 MWp solar project in Bikaner, set to begin construction and start operations in December 2026. flag The project, developed with German firm ib vogt Solar India, will generate 380 GWh annually—enough to power IKEA’s Indian operations. flag This supports Ingka’s global goal of 100% renewable energy across its value chain by 2030, part of a EUR 7.5 billion investment plan, with EUR 4.2 billion already committed to wind and solar projects worldwide. flag The project will create around 450 construction jobs and 10 to 15 permanent positions. flag IKEA India aims to power all operations with renewable energy by 2025, while Ingka Group maintains science-based climate targets, including a 50% reduction in value chain emissions by 2030 and net zero by 2050 without offsets.

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