IKEA Southeast Asia has commissioned a 1 MWp solar system for IKEA Tampines, which is in Singapore.
The system will generate 1.3 million kWh of energy annually. That, the press release says, will reduce its energy bill by about $2.4 million during the next decade.
IKEA Southeast Asia has installed a similar system atop its Megabangna store in Bangkok. Both projects are in association with Phoenix Solar Pte Ltd. More collaborations between the two companies are in the pipeline, the story says.
The Megabangna store was the first large commercial enterprise to return electricity to the grid under a feed-in tariff solar rooftop program that the government instituted in 2014.
IKEA is active in the United States as well. Last month, the company installed its fourth biogas-powered fuel cell in California. The most recent rollout was at its San Diego local. All four stores have solar arrays. The stores cumulatively will generate 1.5 MW of energy via the projects. A fifth cell is planned.
Also last month, IKEA entered an agreement with TransAlta and Teck Resources to buy a windfarm near Drumheller, Alberta, Canada. The farm, which is 80 miles from Calgary, can produce 88 MW of electricity. The sale price was $119.6 million.