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Ikea has announced that it has purchased a Scottish wind farm and will spend £4m installing solar energy panels on the roofs of 10 of its UK stores in a bid to cushion the company against rising energy prices.

Ikea announced late last week that it had purchased the 12.3 MW wind farm in Huntly, Aberdeenshire, for an undisclosed sum. Its seven wind turbines are expected to produce enough electricity to supply five IKEA stores or around 30 per cent of IKEA’s total consumption in the UK.

A spokesman for the company confirmed IKEA would look to expand its wind energy portfolio in the UK further, but declined to give any further details.

The group now owns 67 wind turbines and almost 130 MW of wind energy capacity globally, after it sealed similar deals in France and Germany last year. IKEA also has plans to build a nine wind turbines wind farm in Sweden capable of powering 17 of its stores in the country.

Meanwhile, 39,000 solar panels will be fitted on stores in Cardiff, Edmonton, Edinburgh, Glasgow, Milton Keynes, Nottingham, Southampton, Warrington, Wednesbury, and Wembley by March 2012, adding to arrays that are already operational at the Milton Keynes, Edmonton, Southampton and Warrington

www.ikea.com