'Bold move' | Ikea buys into OX2 offshore wind giants that could furnish 25% of Sweden's power

Developer OX2 is selling a 49% stake in three giant Swedish offshore wind projects to the investment arm of Ikea parent Ingka Group that have the potential to produce more than a quarter of the electricity produced in the Nordic country last year.

The projects – Galatea-Galene off the western Swedish province of Halland, Triton off southern Skåne province and Aurora between the Baltic Sea islands of Gotland and Öland – have a combined potential to churn out up to 38TWh per year.