Ikea to purchase Irish wind farm from Mainstream

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Global wind and solar company Mainstream Renewable Power has closed a deal to sell its 7.65 megawatt Carrickeeny Wind Farm to IKEA, the world’s largest furniture retailer. Mainstream has commenced construction of the project which is located in Leitrim in the North West of Ireland and it is expected to be operational in early 2014 at which point IKEA will purchase the plant. As part of the deal Mainstream will continue operate and maintain the wind farm on behalf of IKEA for its 20 year lifespan.
The IKEA Group has plans to invest £1.5bn in wind energy and solar programmes up to 2015. Wind energy is a key part of IKEA Group’s sustainability strategy to generate as much renewable energy as it consumes by 2020. This acquisition will increase the total number of wind turbines that the IKEA Group has committed to owning and operating to 137.