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Ikea looks at Asia – but not America – as furniture giant assembles offshore wind empire - Recharge

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Ikea looks at Asia - but not America - as furniture giant assembles offshore wind empire | Recharge

Ikea plans to expand its offshore wind activities to Asia and further European countries but is steering clear of markets that include negative bidding in their allocation systems and is “not looking at North America at this point”, the head of renewable energy at the Swedish furniture giant’s owner's investment arm said.

Ingka Investments’ head of renewable energy investments, Frederik de Jong, spoke to Recharge after it and its partner OX2 obtained a Natura 2000 environmental permit for its 1.5GW

Related Knowledge Center: ENERGY BASICS: solar

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Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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