Ikea Canada announced that it had purchased a 46-megawatt wind farm in Alberta on Thursday. The 20-turbine wind farm will be the largest owned by a Canadian retailer and is expected to generate 161 gigawatt hours (GWh) each year, which is more than double the total energy consumption of Ikea Canada.

Also, Ikea already has 3,790 solar panels installed on the roofs of three stores in the Greater Toronto Area, to encourage renewable energy. It seems that it is unprofitable for Ikea to invest massive funds to pursue green energy, but it is really meaningful. Ikea has realized the importance of sustainability in business. Ikea is adhering to the principles of sustainable development. Ikea has a multilayered corporate sustainability plan that aims to reduce its own reliance on fossil fuels and cut costs; to work through its supply chain to improve social and environmental conditions; and to provide customers with a broad range of low-cost products that save energy, save water and reduce household waste. Ikea’s sustainable strategy not only contributes to protecting the environment, and also brings a new value proposition to its customers. More and more people attach the importance of building a sustainable environment.

http://business.financialpost.com/2013/11/14/ikea-canada-buys-20-turbine-wind-farm-project-in-alberta/?__lsa=afb4-2d02

http://lethbridgeherald.com/news/local-news/2013/11/ikea-purchases-area-wind-farm/

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/ikea-eyes-low-carbon-future-with-alberta-wind-energy-project/article15436596/