The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
The Taiwan Times The Taiwan Times
  • News
    • Asia
    • World
    • Opinion
  • Politics
  • Business
  • Technology
  • Entertainment
  • Sports
  • Health
    • COVID-19
  • Local Guides
    • Northern Taiwan
      • Keelung
      • Taipei
      • New Taipei
      • Taoyuan
      • Hsinchu
      • Miaoli
    • Central Taiwan
      • Taichung
      • Changhua
      • Yunlin
      • Nantou
    • Southern Taiwan
      • Chiayi
      • Tainan
      • Kaohsiung
      • Pingtung
    • Eastern Taiwan
      • Yilan
      • Hualien
      • Taitung
    • Outlying Islands
      • Kinmen
      • Penghu
FOLLOW US
59K
2K
21K
  • Asia
  • Business
  • News
  • Technology
  • World

IKEA Invests Big In Russian Solar Power, Next Stop China?

  • 1 minute read
Total
1
Shares
Share 1
Tweet 0
Pin it 0
image for illustration purpose only
Up next
AirAsia Planning to Launch Air Taxi Service, & More
    Published on 16 April 2021
    Author
    Mark Buckton
    Tags
    • China,
    • energy,
    • IKEA,
    • Ingka Group,
    • Netherlands,
    • PV,
    • renewable energy,
    • Russia,
    • solar power,
    • Sweden,
    • Taiwan,
    • wind power
    Share article
    The post has been shared by 1 people.
    Facebook 1
    Twitter 0
    Pinterest 0
    Mail 0
    The Netherland’s based Ingka Group, owners of the majority of the world’s IKEA stores is moving into renewables.Currently running almost 400 of the IKEA stores open worldwide, the group has agreed terms on a 49% stake in eight solar plants in Russia for an estimated US$270 million.

    Making the purchase from Russian firm Solar Systems LLC, (est. 2014), it is thought the Ingka Group acquisition is part of IKEA’s stated aims of becoming ‘climate positive’ by the end of the decade.

    Solar Systems’ own stated plans over the next 12 months includes adding solar plants in six areas of Russia to their already 400 MW strong portfolio.

    The six areas are all in Southern Russia in the vast open plains between western Kazakhstan and the politically sensitive Ukraine.

    These are, however, regions with huge levels of winter snowfall – an issue not addressed in the statement announcing the deal.

    It is also understood China may be next on the horizon for the Ingka Group to further increase investments in renewables; a link made in the Solar Systems LLC (SSLLC) purchase with two of seven members of the SSLLC board from China, including Deputy Chairman of the Board of Directors, Cui Zhiwei.

    2 comments
    1. Pingback: 宜家在俄罗斯太阳能上投入巨资,下一站中国? – Reference News – Taiwan
    2. Pingback: WEEKLY TECH AND BUSINESS NEWS ROUNDUP » Vexceed

    Comments are closed.

    You May Also Like

    Apple pulls HKmap app from App Store after complaints from Chinese media

    Apple is known to be one of the companies which protects the
    • Kw Lin
    • October 10, 2019
    • 2 minute read

    Taiwan to Impose Health Declaration Forms on All Visitors

    Those failing to accurately do so face a fine of up to NT$150,000
    • Mark Buckton
    • February 12, 2020
    • 6 shares
      6
      0
      0
    • 1 minute read

    Taiwan ranked No. 1 country in the world for ‘work, make friends, and raise a family’

    We have seen that there have been a lot of surveys going
    • Kw Lin
    • October 8, 2019
    • 2 minute read

    NSC says that Taiwan will lose one or two more allies to China by 2020

    According to a new report by the National Security Council, Taiwan’s lose
    • Kw Lin
    • September 26, 2019
    • 2 minute read
    YouTube
    View on YouTube
    Follow Us
    Facebook 59K Likes
    Twitter 2K Followers
    Instagram 21K Followers
    Categories
    Recent Posts
    • Macron
      • News
      • World
      Macron refuses to accept PM’s resignation
      • Henry Chan
      • News
      • World
      Taiwan Policy Act of 2022: The most comprehensive revision of U.S. policy law toward Taiwan since 1979
      • Ivona Chen
      • News
      • World
      China Launches third aircraft carrier, named Fujian
      • Hui-En Lin
    • western sanctions
      • News
      • World
      Putin calls out the western sanctions as crazy
      • Ishita Paul
    Search
    Advertisement
    Macron

    Macron refuses to accept PM’s resignation

    President Macron rejects Elisabeth Born resignation letter. French President Emmanuel…
    • Henry Chan
    • 2 minute read

    Taiwan Policy Act of 2022: The most comprehensive revision of U.S. policy law toward Taiwan since 1979

    Robert Menendez, the Democratic chairman of the U.S. Senate Foreign Relations Committee,
    • Ivona Chen
    • 2 minute read

    China Launches third aircraft carrier, named Fujian

    China’s new Type 003 aircraft carrier, named Fujian, left its dry dock
    • Hui-En Lin
    • 1 minute read
    western sanctions

    Putin calls out the western sanctions as crazy

    During his recent public appearance, Russia’s president called western sanctions…
    • Ishita Paul
    • 2 minute read
    The Taiwan Times
    59K
    2K
    21K
    • About Us
    • Contact Us
    • Meet The Team
    • Editorial Policy
    • Disclaimer
    • Privacy Policy
    • Support The Taiwan Times
    • Sitemap
    台灣國際報 The Taiwan Times
    Taiwan's Trusted Journal - We ♥ Taiwan
    Copyright © The Taiwan Times All Rights Reserved