Feb. 16 (Bloomberg) -- Ikea Group, the world’s biggest home-furnishings retailer, will build a wind park in Sweden to meet the electricity needs of its 17 stores in the Nordic country as part of an effort to cut carbon dioxide emissions.
The park will have nine turbines and be located in the central province of Dalarna, Ikea said today in a statement. O2 Vind AB, a Stockholm-based wind developer, will oversee construction and production is scheduled to start early 2012.
“A wind park in Sweden gives us a long-term source for renewable energy,” said Peter Agnefjaell, head of Ikea Svenska Foersaeljnings AB, in the statement. “It also gives us the possibility to transfer the financial benefit of electricity from our own wind power park to lower prices which will benefit our customers.”
Ikea has 52 wind turbines in Germany and France which generate about 10 percent of its electricity consumption.
It may expand the idea to other markets, Ylva Magnusson, a company spokeswoman said today by phone. The investment in Sweden will be “several hundred million kronor,” she said.
Maria Lyckesjoe, a spokeswoman at O2, said output will be 70 gigawatt-hours a year.
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