A company famous for its ready to assemble furniture and other home furnishings is getting into the energy production business.
IKEA Canada has signed agreements to purchase the Wintering Hills wind farm south east of Drumheller.
"(It's) an 88 megawatt wind farm and it's comprised of 55 turbines; together they generate roughly 275 million kilowatt hours of energy each year," reported Brendan Seale, IKEA Canada's Manager of Sustainability. "That's roughly the consumption of 54 IKEA stores or about 26,000 Canadian households."
Seale maintains it's consistent with the company's goal of producing more renewable energy than it consumes by the year 2020.
"Back in 2013 we invested in a wind farm near Pincher Creek that was under development at that time," he recalled. "That is a 46 megawatt project comprised of 20 turbines. Together, these two projects now will generate over four times our consumption across Canada."
Worldwide, IKEA has invested 1.5 billion Euros ($2.1 billion) on renewable energy.
The Wintering Hills purchase still has to be approved by the province's energy regulator, but Seale doesn't foresee any problems.