Ingka Group completed the acqusition of solar and wind farm of OX2 in Poland for €190m.

Ingka Group, a holding company based in Leiden, Netherlands, completed the acquisition of solar and wind farms of OX2, a renewable energy company, in Poland, for €190m. “We are delighted to further grow our renewable energy portfolio in Poland. This investment represents another important step for Ingka Investments as it will mean a further reduction of the climate footprint of IKEA Retail including distribution and logistics, and also IKEA value chain partners based around the country. Having recently invested in renewable energy in Spain and Germany, this investment demonstrates our continued commitment to invest in countries where IKEA Retail operates and to increase the share of renewable energy across the IKEA value chain,” Krister Mattsson, Ingka Investments Managing Director.