50 billion euro IKEA family office makes bet on Indian renewable energy
The 50 billion euro family office that owns IKEA Retail has forayed into renewable energy in India by buying out solar and wind assets from Germany-based ib vogt in Rajasthan, according to sources.
Ingka Investment which houses IKEA retail has paid Rs 1200-1400 crore for the assets, they said.
The solar and wind assets have a power generation potential of 241 megawatts.
