Wind energy is a key part of IKEA Group’s sustainability strategy to generate as much renewable energy as it consumes by 2020. In June 2015, it announced an increased $600 million investment in wind and solar, the new commitment builds on the $1.5 billion invested in wind and solar since 2009 in 314 offsite wind turbines and 700,000 solar panels on IKEA buildings.
Mainstream has built two wind farms for IKEA; the 8 megawatt Carrickeeny wind farm in Ireland and the 46 megawatt Oldman 2 in Canada. In both cases IKEA entered into an agreement to buy the projects once Mainstream had completed construction and the asset was performing as expected.
Mainstream also supported IKEA in negotiating a contract with an electricity supply company in Ireland which allows it to supply its stores from the wind farm.
Mainstream is now operating these projects on IKEA’s behalf under long term operations and maintenance contracts.