Ikea Owner Ingka Group Invests In Swedish Offshore Wind For Hydrogen And E Fuel Ex

Ikea Owner Ingka Group Invests In Swedish Offshore Wind Ingka investment, the investment arm of ikea owner ingka group, has agreed to buy a 49% stake in two more large baltic sea wind projects in sweden from ox2, which could combine offshore wind with hydrogen and e fuel production. Ox2 has agreed with ingka investments, the investment arm of ingka group, the biggest ikea retailer, to sell a 49 per cent stake in next generation swedish offshore wind projects. the transaction includes the pleione offshore wind projects, located east of gotland, and neptunus, located southeast of blekinge which amounted to 2.4 gw in ox2’s development portfolio in the third quarter of 2023.

Ikea Owner Ingka Group Invests In Swedish Offshore Wind The county administrative board of gotland has granted a natura 2000 permit for the 5.5 gw aurora offshore wind farm in sweden, being developed by ox2 and the investment arm of ikea parent, ingka group. when granting the project natura 2000 permit, the county administrative board agrees with other authorities that the wind farm can be realised. Ingka group, the owner of most ikea stores worldwide, on monday said it has agreed to buy a 49% stake in three wind development projects offshore sweden from renewables development company ox2 for. Ox2, a prominent player in renewable energy, has struck a deal with ingka investments, the investment arm of ingka group, the largest ikea retailer, to sell a substantial 49 percent stake in advanced swedish offshore wind and hydrogen projects. Ingka investments, the investment arm of ikea owner ingka group, and nordic developer ox2 have submitted a permit application to build the 3.1gw neptunus offshore wind farm in sweden, along with adjacent hydrogen production of up to 370,000 tonnes a year.