Deal Snapshot
INGKA GROUP INVESTS IN FIRST SOLAR PARKS
Tuesday 17 September 2019

Dutch retail holding company Ingka Group (Ingka Holding B.V. and its controlled entities) strategic partner to IKEA franchisee system, has reached agreement with Copenhagen Infrastructure Partners to acquire a 49% stake in two Solar PV projects in Utah and Texas, the group said.
With a total of 403mw capacity this development ranks among the larger Solar Photovoltaic projects in the United States. Currently, Ingka Group owns and operates 900,000 rooftop solar photovoltaic panels on IKEA stores, distribution centers and other buildings worldwide.


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Details
Date Published: 17/09/2019
Target: 49% stake in two Solar PV projects in,  Utah and Texas
Country: USA
Sector: Alternative Energy
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Copenhagen Infrastructure Partners
Buyer: Ingka Group (Ingka Holding B.V. and its controlled entities)
Comment:
Terms of the deal were not disclosed

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