Ikea, the Swedish furniture giant, has announced that it will be relying on Meyer Burger's heterojunction solar modules for its own panel offer in the future. This comes after Ikea's investment arm, Ingka Investments, signed a four-year supply agreement with the Swiss photovoltaic manufacturer, Meyer Burger, for solar modules manufactured at the company's US plant in Goodyear, Arizona. The modules are set to be shipped between 2025 and 2029, and this agreement is one of two contracts that prompted Meyer Burger to increase its annual production capacity at the US plant from 1.6 GW to 2 GW.
“We are very pleased to be working with Ingka Investments, who will support us with the rapid ramp-up of our production in the USA through this off-take agreement,” said Daniel Menzel, COO of Meyer Burger. The financial and quantitative terms of the deal were not disclosed.
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Ikea has been active in the PV sector in Sweden, France, Australia, Italy, Germany, Switzerland, Belgium, Poland and the United Kingdom. The company has also been working to cover its own electricity needs with renewable energy and has set a goal to become climate-neutral throughout the world by 2030.
Ikea parent company, Ingka Holding, unveiled a plan in March to invest €340 million ($375.1 million) to acquire seven solar parks under development by Enerparc in Germany and Spain. The furniture giant also said it wanted to refresh its Solstrale offer for residential PV applications, which was launched in 2019.
This move by Ikea demonstrates the company's commitment to sustainability and renewable energy. As a leading player in the furniture industry, Ikea has the power to inspire other companies to follow its lead and invest in renewable energy sources. By relying on Meyer Burger's heterojunction solar modules for its own panel offer, Ikea is taking a step towards reducing its carbon footprint and achieving its goal of becoming climate-neutral by 2030.
