Search
 

Ikea Almost Complete on $723M Sustainable Project

DELFT, NETHERLANDS-The local retailer will finish installing solar panel roofs on most of its properties here by January, gaining more than 50% energy savings at each large store.

By Robert Carr | Updated on July 26, 2012

DELFT, NETHERLANDS-Locally based retailer Ikea is nearly complete with its $723 million plan to invest in renewable energy efforts at its stores, including solar panels on roofs, geothermal heating and even wind farm purchases. The company has been on a whirlwind the past two months installing solar panels on US stores, and just completed the installation on the two Chicago-area locations this week.

The furniture company has more than 330 Ikea stores in 40 countries, including 39 stores and five distribution centers in the United States. A company spokesman tells GlobeSt.com that the Chicago installations are the 24th and 25th solar roofs for the US stores, with more completions planned by January. He says 39 of the company’s 44 properties, including four of the five distribution centers, will have solar roofs by 2013.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.