Second Mainstream windfarm for Ikea
SWEDISH furniture giant Ikea is buying a €63m Canadian windfarm from Eddie O'Connor's Mainstream Renewable Power, marking the second acquisition by the retailer from the Irish company in the past three months.
Mainstream is building a 46 megawatt windfarm just over 100km from Calgary, Alberta, which is slated to be completed next year. At that point, Ikea will formally complete the acquisition of the project. Mainstream will continue to operate and maintain the windfarm on behalf of Ikea.
It's the second time in three months that Ikea has agreed to buy a windfarm from Mainstream.
In August, the retailer said it was buying a €16m, 7.6MW windfarm that Mainstream is building at Carrickeeny, in north-west Leitrim. The power will be sold to energy company Vayu, which will in turn supply electricity to Ikea under a 15-year deal.
The electricity will be used to power Ikea's outlets in Dublin and Belfast.
That windfarm is due to become operational next year.
Ikea has earmarked £1.5bn (€1.8bn) for investments in renewable energy around the world by 2015.
The Leitrim windfarm will bring to 137 the total number of turbines that Ikea owns around Europe. It has windfarms in the UK, Germany, France, Poland, Denmark and Sweden.