Ingka Investments Launches First Solar Park in Poland, Expanding Commitment to Renewable Energy

Ingka Investments Launches First Solar Park in Poland, Expanding Commitment to Renewable Energy

(IN BRIEF) Ingka Investments has inaugurated its first solar park in Poland, a 29 MW installation in Recz developed with Enerparc. The project adds to Ingka Group’s renewable energy portfolio in the country, which now includes seven wind farms and one solar park, generating enough power for 260,000 households annually. The initiative aligns with the group’s broader EUR 7.5 billion investment commitment in renewable energy and supports IKEA’s goal of achieving net-zero emissions by 2050.

(PRESS RELEASE) LEIDEN, 25-Apr-2025 — /EuropaWire/ — Ingka Investments, the investment division of Ingka Group and the largest IKEA retailer, has officially opened its first solar park in Poland. Located in Recz, the nearly 29 MW solar installation is set to generate around 30 GWh of electricity annually—enough to power more than 12,000 Polish households. Spread across 28 hectares and equipped with nearly 53,000 photovoltaic panels, the park marks a significant step in Ingka Group’s renewable energy journey.

Frederik de Jong, Head of Renewable Energy at Ingka Investments, stated: “Since 2009, we’ve invested EUR 4.2 billion as part of our EUR 7.5 billion pledge to fully transition to renewable energy across our value chain and beyond. These investments span solar and wind, but also extend to innovative transitional technologies like energy storage, grid infrastructure, and hydrogen.”

With operations in Poland since 2011, Ingka Investments currently manages seven wind projects in the country, contributing 242 MW in capacity. In September 2024, it inaugurated a 62.5 MW wind farm in Wysoka featuring advanced wind turbine technology. With the addition of the Recz solar park, the company’s Polish portfolio now covers energy needs equivalent to approximately 260,000 households annually.

“The launch of the solar park in Recz signifies another key milestone in our broader strategy to diversify renewable energy assets and support energy security in Poland,” said Ewa Teodorczyk, Country Manager for Ingka Investments in Poland. “A varied renewable mix is essential to building a more sustainable and resilient energy system.”

The Recz solar park was developed in collaboration with Enerparc, a leading renewable energy developer in Europe. It will further support Ingka Group’s goal of sourcing 100% renewable electricity across all retail operations by FY25 and contributes toward IKEA’s global commitment to net-zero emissions by 2050. Already, Ingka Group’s energy production from renewables in Poland exceeds its retail consumption from stores, warehouses, centres, and offices.

About Ingka Investments

Ingka Investments is the investment arm of Ingka Group, the largest IKEA retailer. With a focus on long-term value creation, Ingka Investments drives sustainability and growth through responsible investments that support the vision of creating a better everyday life for the many people. It operates across six strategic areas: forestland, renewable energy, real estate, circular, financial markets, and business acquisitions and venture investments.

Further information on Ingka Investments: www.ingka.com/what-we-do/ingka-investments/

About Ingka Group

With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on www.Ingka.com

Media Contact:

Tel: +46 70 993 6376
email: press.office@ingka.com

SOURCE: Ingka Holding B.V