Ingka Investments Launches 210 MWp Solar Project in Rajasthan Under INR 1,000 Crore Green Push

Ingka Investments, the investment arm of Ingka Group (which owns most IKEA stores globally), has launched its first renewable energy project in India,  a 210 MWp solar installation in Bikaner, Rajasthan. This marks a key milestone in the company’s INR 1,000 crore renewable energy commitment to the country.

The project, now at a ready-to-build stage, will soon begin construction and is expected to be operational by December 2026, generating 380 GWh of clean electricity annually.

In India, Ingka Investments is partnering with ib vogt Solar India, the German-based solar developer known for its large-scale PV projects. ib vogt will handle both construction and the initial three years of operations.

The project is expected to create around 450 jobs during construction and provide 10–15 permanent roles once operational.

“This is a milestone acquisition for us,” said Frederik de Jong, Head of Renewable Energy at Ingka Investments. “The project will produce more than enough energy to power IKEA’s growing retail, shopping centre, and distribution operations in India, making our business here more sustainable, efficient, and future-ready," he said.

Patrik Antoni, CEO of IKEA India, added that sustainability has been central to IKEA’s retail strategy. “We’re on track to power all operations with 100 percent renewable energy by 2025. With this solar investment, we’re taking another strong step toward a cleaner, greener India," he said.

Globally, Ingka Group has committed EUR 7.5 billion to renewable energy and has already invested EUR 4.2 billion in wind and solar projects across 31 countries. The company’s Science Based Targets initiative (SBTi)-approved climate goals aim for a 50 percent reduction in absolute emissions by FY2030 and net zero by 2050, without using carbon offsets.