Thursday, February 2, 2017

Ikea buys Canada wind farm to offset carbon footprint



Ikea on Thursday introduced plans to buy a wind farm with 55 generators in the oil-rich Canadian province of Alberta to offset its local stores' strength use and decrease their carbon footprint.

The Wintering Hills 88 megawatt wind farm, approximately 130 kilometers (miles) east of Calgary, can produce enough electricity for 54 big-container shops or 26,000 households.

Ikea has a dozen shops in Canada, with plans for extra.

The investment in renewable electricity "actions us in the direction of our international ambition to produce extra renewable energy than we eat by means of 2020," Ikea Canada sustainability supervisor Brendan Seale stated in a announcement.

The business enterprise has allocated $three.2 billion for renewable electricity globally, and has spent 1/2 of the quantity since 2009.

it is shopping for the 5-yr-old wind farm inside the heart of Canada's foremost oil producing location from the electricity firm TransAlta and mining behemoth Teck assets for nearly Can$a hundred and twenty million ($ninety two million).

it will likely be the second Ikea investment in renewable electricity in Alberta, following the purchase of a 46 megawatt wind farm in Pincher Creek in 2013.

The pair of farms will produce extra than four times the strength the enterprise consumes in Canada.

The deal is expected to close inside 3 weeks.

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