Ingka Invests in 210 MW Solar Project to Power IKEA India

Ingka Investments, the investment arm of Ingka Group — the largest IKEA retailer — has announced its first renewable energy project in India with the launch of a 210 MWp solar power installation in Bikaner, Rajasthan. The project is part of the company’s ₹10 billion (EUR 97.5 million) commitment to accelerate renewable energy deployment in the country.

The project has achieved ready-to-build status, with construction scheduled to begin shortly and commercial operations expected by December 2026. Once operational, the plant is expected to generate 380 GWh of clean energy annually, supporting IKEA’s growing retail, distribution, and shopping centre operations in India.

Frederik de Jong, Head of Renewable Energy at Ingka Investments, said the project marks a major milestone as the company’s first renewable energy investment in India, adding that it will play a key role in powering IKEA’s operations sustainably.

The investment is part of Ingka Group’s broader EUR 7.5 billion commitment to achieving 100% renewable energy across its value chain by 2030. To date, EUR 4.2 billion has already been invested globally in wind and solar projects.

In India, Ingka Investments is partnering with ib vogt, a Germany-based large-scale solar energy developer, which will handle project construction and manage the first three years of operations. The solar project is expected to create around 450 jobs during the construction phase and 10–15 jobs during operations.

Patrik Antoni, CEO of IKEA India, said the initiative aligns with IKEA’s sustainability goals, highlighting previous achievements such as LEED-certified energy-efficient stores, 100% renewable energy operations by 2025, and zero-emission electric vehicle deliveries in key cities.

Ingka Group, active in 31 countries, remains committed to the Paris Agreement and the Science Based Targets initiative (SBTi). The company aims to reduce absolute greenhouse gas emissions across its value chain by at least 50% by 2030 and achieve net-zero emissions by 2050 without dependence on carbon offsets.