STOCKHOLM—Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar photovoltaic park projects in Germany and Spain for a total of 340 million euros ($373 million) in its push to generate more renewable energy than it consumes.
The world’s biggest furniture retailer said on Wednesday it was buying the projects, which would have a combined capacity of 440 megawatts, from German developer Enerparc.
