Ingka adds 76-MW Dutch solar trio to power its 100 %-renewables push

• Ingka Investments—renewables arm of the IKEA retailer—has bought three operational Dutch solar parks totalling 76 MW from SUSI Partners, its first PV deal in the Netherlands.

Ingka Investments has signed a deal with Swiss infrastructure manager SUSI Partners to acquire a 76-MW portfolio of three operating utility-scale solar farms in the Netherlands, marking the IKEA retailer’s first photovoltaic foothold in the country. Financial terms were not disclosed.

The plants, commissioned in 2019 and producing a combined 67 GWh a year, can meet the annual electricity needs of roughly 24,000 Dutch households and have already helped avert more than 100,000 t of CO₂-equivalent emissions, according to SUSI. The assets were part of SUSI Renewable Energy Fund II, from which the manager has now exited 80 % of holdings.

For Ingka, the purchase expands a fast-growing clean-energy estate that already includes 575 wind turbines across 17 countries, 20 ground-mount solar parks and nearly one million rooftop modules, giving the group more than 2.3 GW of renewable capacity—enough to power 1.25 million European homes. The company says the new Dutch output will support its goal of covering 100 % of electricity consumption in its own operations with renewables by 2025 and aligning the wider IKEA value chain with a 1.5 °C pathway.

SUSI built the Dutch portfolio through separate acquisitions at commercial-operation date and has spent the past six years on active asset management, including life-extension studies and early-stage battery-co-location work. The firm said divesting now “secures attractive value” for its pension-fund backers while handing over “well-performing, resilient assets” to a long-term owner.

Ingka, meanwhile, continues to scout solar and wind opportunities that match its retail footprint. Recent moves include wind investments in Poland and an offshore-wind stake in Norway, and the company has allocated up to €7.5 billion for renewables by 2030.

Why it matters:

• The deal underscores the growing secondary market for Dutch PV assets as early owners recycle capital into new builds.

• It highlights big-box retailers emerging as significant infrastructure investors to decarbonise their supply chains and hedge energy costs.

• For SUSI, the exit demonstrates that mid-market renewables funds can achieve competitive returns through disciplined buy-operate-sell strategies.