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How Sweden became an innovation frontrunner

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Ikea invests in more wind power plants

Swedish furniture giant aims to reduce its carbon footprint.

Ikea founder Ingvar Kamprad eyes new green initiative to cut carbon footprint.

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Guests pedal to a cheaper stay at eco-hotel

Ikea, the world’s biggest home-furnishings retailer, aims to cut its carbon footprint and looks to invest more in wind and solar power and other "green" initiatives.

The Swedish company has bought six German wind farms from the Spanish wind turbine group Gamesa, Financial Time said Thursday. Ikea is now the owner of 52 wind turbines after a similar deal involving four French wind farms last year.

“We are conscious of our impact on people and the environment, so we feel duty bound to act responsibly in all we do,” chief executive Mikael Ohlsson told the FT.

Mikael Ohlsson expects the company to make make further investments in green energy to meet its long-term goal to secure all its electricity needs from renewable sources. The six new turbines increased the company’s total installed wind power capacity to 93MW, the newspaper wrote. That is enough to cover some 10 percent of its electricity needs.

The retailer has undertaken several other "green" initiatives in recent years, such as charging a small fee for plastic bags at the checkout registers, urging customers instead to opt for reusable bags. It has also announced plans to phase out incandescent bulbs in its U.S. stores.

"We also believe our customers are looking for everyday environmentally responsible solutions for themselves," Mike Ward, Ikea's U.S. president said in a statement.

Last Updated (Thursday, 09 September 2010 10:16)


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