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Ikea owner to buy into OX2’s 6GW Finnish offshore wind pipeline

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Ikea owner to buy into OX2’s 6GW Finnish offshore wind pipeline | Windpower Monthly

Ikea owner to buy into OX2’s 6GW Finnish offshore wind pipeline

Ikea-owner Ingka Investments has agreed to buy a 49% stake in a 6GW-plus Finnish offshore wind pipeline being developed by OX2.

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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