The pledge builds on €1.5bn that the company has invested in both energy sources since 2009 that includes ownership of two wind farms totaling 263MW in the US.

By 2020, IKEA aims to become energy independent, which would enable it to produce the same amount of renewable energy as its buildings consume.

IKEA has been a leader in the hot corporate renewables procurement market that includes both on- and off-site generation capacity.

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