Ingka Investments has completely acquired stake in a 210 MWp solar project in Rajasthan. The project is part of Ingka’s Rs 10 billion commitment to advancing renewable energy in India and is designed to produce around 380 GWh of renewable energy per annum. The project has attained ready-to-build status. The construction of the project is expected to commence soon. Furthermore, its operations are expected to commence by December 2026.
Ingka Investments is the investment arm of Ingka Group. It invests in assets, manages companies, and operates strategic businesses to preserve and create value for Ingka Group and IKEA. The company invests across six strategic areas: forestland, renewable energy, real estate, circular, financial markets, and business acquisitions and venture investments.
