Ikea to invest £3.4bn in renewable energy by 2030

Swedish retailer is set to build wind and solar farms, and make first steps into energy storage

Ikea plans to accelerate its investment in renewable energy by spending an extra 4bn (3.4bn) by the end of the decade to build wind and solar farms, while fitting its stores with electric vehicle charge points.

Ingka Group, the owner of most Ikea stores, spent 2.5bn over the last decade installing 935,000 solar panels on the roofs of its stores and warehouses, and investing in 547 wind turbines and 10 solar parks to more than cover its own electricity use.