World's largest Ikea retailer invests in Irish offshore wind-farm projects

The group said it will take a 20% stake in the wind project portfolio of Source Galileo which has previously announced five offshore wind-farm projects in Ireland

Source Galileo is planning five offshore wind projects around Irish coasts which are expected to be completed between 2030 and 2031. 

Ingka Group, the single largest Ikea franchisee in the world, has announced that it will be investing in a portfolio of offshore wind projects located in Ireland and the UK.

The group said it will take a 20% stake in the wind project portfolio of Source Galileo — a London and Dublin-based renewable energy company.