'The cost of inaction is just too high': IKEA to ramp up €4bn clean tech push

Michael Holder
clock • 3 min read

Ingka Group, which owns most IKEA stores worldwide, accelerates efforts to power entire value chain with its own renewables capacity

IKEA's largest global franchise owner has announced plans to inject an additional €4bn into scaling up the deployment of renewable power projects by the end of the decade, with a particular focus on expanding...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Solar and batteries could cut European electricity costs by 40 per cent

Study: Solar and batteries could cut European electricity costs by 40 per cent

Modelling by Schneider Electric Research Institute forecasts electricity costs could fall if installed solar and battery costs keep dropping and electricity demand continues to grow

clock 11 November 2026 • 3 min read
COP31: Global business leaders launch new electrification alliance

COP31: Global business leaders launch new electrification alliance

Leading brands line up behind Electric Advantage Leadership Alliance in support of COP Presidency’s electrification drive

James Murray
clock 11 November 2026 • 3 min read
'Nations now face a choice - electric or shock': Calls grow for global electrification pledge at COP31

'Nations now face a choice - electric or shock': Calls grow for global electrification pledge at COP31

Momentum builds behind proposed pledge for 35 per cent of global energy to come from electricity by 2035, but climate finance and petrostate opposition remain major hurdles

Michael Holder in Antalya
clock 10 November 2026 • 8 min read