Ingka to acquire a 49% stake in three offshore wind development projects from OX2 for €30m.

Ingka Investments, the investment arm of Ingka Group, agreed to acquire a 49% stake in three offshore wind development projects from OX2, a renewable energy solutions provider, for €30m. "This cooperation is a further bold move in expanding our investment activities to address climate footprint reduction well beyond our own consumption and into our value chain. We are increasing our global investments and commitments in renewable energy from over €3.5bn today to €6.5bn before 2030," Peter van der Poel, Ingka Investments Managing Director.