The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
IKEA Buys First Wind Farm, Its Largest-Ever Renewable Energy Investment
That all changed Thursday when the Swedish company announced that it was making the first wind energy purchase of its 71-year history.
The company is buying Hoopeston Wind Farm in Hoopeston, Ill., about 110 miles outside of Chicago. At 98 megawatts, the farm marks IKEA's single largest renewable energy investment.
"The U.S. has amazing wind and sun resources that will never run out," Steve Howard, chief sustainability officer of IKEA Group, said in a statement. "We are delighted to make this investment—it is great for jobs, great for energy security, and great for our business. Importantly, it’s great for the future of our climate."
Apex Clean Energy of Charlottesville, VA will construct and manage the Hoopeston Wind Farm, hoping for it to operational by the first half of 2015. The farm will contain 49 Vestas turbines and generate enough energy to power 39,000 average Illinois homes. It will also contribute $11.3 million in new tax revenues to schools, roads and government in the area.
The project is major part of IKEA's mission to generate as much renewable energy as the power the company consumes by 2020.
“We are committed to renewable energy and to running our business in a way that minimizes our carbon emissions, not only because of the environmental impact, but also because it makes good financial sense,” said Rob Olson, IKEA's U.S. chief financial officer and . “We invest in our own renewable energy sources so that we can control our exposure to fluctuating electricity costs and continue providing great value to our customers.”
The 380 gigawatt hours of renewable energy that the farm will generate each year are equivalent to a reduction in carbon dioxide emissions equal to taking 55,000 cars off the road, or the energy consumed by 70 IKEA stores.
While this will be IKEA's first wind farm, the company has already installed 550,000 solar panels on buildings in nine countries. In the U.S., IKEA has completed solar installations 90 percent of its stores in 20 states.
YOU ALSO MIGHT LIKE
EcoWatch Daily Newsletter
A middle-aged married couple in China was diagnosed with pneumonic plague, a highly infectious disease similar to bubonic plague, which ravaged Europe in the middle ages, as CNN reported.
Dairy aisles have exploded with milk and milk alternative options over the past few years, and choosing the healthiest milk isn't just about the fat content.
Whether you're looking beyond cow's milk for health reasons or dietary preferences or simply want to experiment with different options, you may wonder which type of milk is healthiest for you.
At least 1,688 dams across the U.S. are in such a hazardous condition that, if they fail, could force life-threatening floods on nearby homes, businesses, infrastructure or entire communities, according to an in-depth analysis of public records conducted by the the Associated Press.
By Sabrina Kessler
Far-reaching allegations about how a climate-sinning American multinational could shamelessly lie to the public about its wrongdoing mobilized a small group of New York students on a cold November morning. They stood in front of New York's Supreme Court last week to follow the unprecedented lawsuit against ExxonMobil.
By Alex Robinson
Leah Garcés used to hate poultry farmers.
The animal rights activist, who opposes factory farming, had an adversarial relationship with chicken farmers until around five years ago, when she sat down to listen to one. She met a poultry farmer called Craig Watts in rural North Carolina and learned that the problems stemming from factory farming extended beyond animal cruelty.
Temperatures plunged rapidly across the U.S. this week and around 70 percent of the population is expected to experience temperatures around freezing Wednesday.