Deals
Ikea to Buy Wind Farm in Ireland From Mainstream Renewable
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Ikea Group, the world’s biggest home-furnishings retailer, plans to buy a wind farm in Ireland from Mainstream Renewable Power Ltd. as part of plans to invest 1.5 billion pounds ($2.3 billion) in wind and solar by 2015.
Mainstream is building the 7.65-megawatt project in Leitrim in northwest Ireland, Dublin-based Mainstream said today in an e-mailed statement. It’s expected to start operating early next year, at which point Ikea will buy the plant, Mainstream said.