IKEA's Swedish wind farm might sound like the last thing you'd expect the mega-chain of retail stores to invest in, but it's one more piece of evidence that proves how forward-thinking the company is when it comes to clean-energy concerns.
Set the be completed in 2012, IKEA's Swedish wind farm will generate an amount of energy commensurate to what 17 of its locations would use over the course of a year. The sweeping project will go a long way towards helping the company reach their goal of operating under 100 percent renewable energy.
Corporate Clean Energy
IKEA's Swedish Wind Farm Will Power 17 Stores in Sweden
Trend Themes
1. Renewable Energy - Companies investing in renewable energy sources and infrastructure to reduce their carbon footprint and reach sustainability goals.
2. Clean Energy Innovation - Companies embracing clean energy innovations such as wind and solar power to achieve greater energy efficiency and reduce operational costs.
3. Corporate Social Responsibility - Companies implementing sustainability initiatives to reduce environmental impact and improve stakeholder perception and brand reputation.
Industry Implications
1. Retail - As exemplified by IKEA, retail companies can reduce their carbon footprint and cut costs by investing in renewable energy sources to power stores and warehouses.
2. Energy - The renewable energy industry is experiencing significant growth as more companies seek to transition towards clean energy sources and reduce their reliance on fossil fuels.
3. Construction - Construction companies can capitalize on the growing demand for renewable energy infrastructure by developing wind farms, solar installations, and other clean energy projects.