IKEA Canada has signed agreements to acquire an 88MW wind farm located near Drumheller, Alberta approximately 130 km east of Calgary.
Consisting of 55 turbines, the Wintering Hills wind farm will generate 275 million kWh (kilowatt hours) of energy, the equivalent to the electricity consumption of 54 IKEA stores or nearly 26,000 Canadian households.
Brendan Seale, Sustainability Manager, IKEA Canada:
“We are committed to having a positive impact on people and the planet. This investment in renewable energy supports our business and moves us closer to our global ambition to produce more renewable energy than we consume by 2020.”
This is IKEA Canada’s second such investment in renewable energy in Alberta following the purchase of a 46MW wind farm in Pincher Creek in 2013. Together, these two wind farms will produce the equivalent of more than four times the energy that IKEA Group operations consume in Canada.
This wind farm investment is part of a broader investment approach to support core business and strategic objectives. The completion of the transaction is expected in two to three weeks pending customary closing conditions.