Ingka Investments, the investment arm of IKEA’s largest retailer, has awarded five-year asset management contracts for more than 500 megawatts (MW) of wind and grid infrastructure across seven European countries.
Following a competitive tendering process, Exus Renewables and WPO were selected to manage the assets, which include 23 wind farms and one grid asset. The agreements encompass a range of responsibilities including technical, commercial, site, and monitoring services.
Exus Renewables will manage assets located in France, Germany, and Poland, while WPO will oversee operations in the United Kingdom, Ireland, Sweden, and Lithuania.
Ingka Investments said the contracts are part of its efforts to consolidate service providers and streamline performance-based asset management across its renewable energy portfolio.
“We firmly believe that Exus Renewables and WPO will contribute to a more value-based asset management, aligned with our strategic focus,” said Mathieu Meijer, head of asset management for operational assets at Ingka Investments.
The company also indicated plans to launch additional tenders covering Finland, Iberia, and other European regions in the coming years.
