Ingka Investments acquires 210 MWp solar project in Rajasthan
Author: PPD Team Date: November 3, 2025
Ingka Investments, the investment arm of Ingka Group, has acquired a 100% stake in a 210 MWp solar project in Rajasthan, its first renewable energy investment in India. The subsidy-free project is ready for construction, with operations expected to begin in December 2026. It will generate about 380 GWh of electricity annually.
Frederik de Jong, Head of Renewable Energy at Ingka Investments, said the project is a milestone for the company and will supply enough clean power to meet IKEA’s retail and distribution energy needs in India.
The investment forms part of Ingka Group’s EUR 7.5 billion global commitment to achieve 100% renewable energy use across its value chain by 2030. The group has so far invested or committed EUR 4.2 billion in wind and solar projects worldwide.
In India, Ingka Investments is partnering with Germany’s ib vogt, which will oversee construction and the first three years of operations. The project will create about 450 jobs during construction and 10 to 15 permanent roles thereafter.
IKEA India CEO Patrik Antoni said sustainability is central to the company’s operations. Its stores in Bangalore and Navi Mumbai are LEED Gold certified, and Gurugram and Noida outlets are targeting Platinum. IKEA aims to power all operations in India with renewable energy by 2025 and expand its zero-emission delivery fleet.