The company behind one of the proposed wind energy projects in the midlands has closed a deal to sell its 7.65 megawatt Carrickeeny wind farm in Leitrim to furniture retailer IKEA.
Mainstream Renewable Power has begun construction on the Leitrim project, and it’s expected to be operational by early next year. IKEA will purchase the plant at that point, bringing the total number of wind turbines it has committed to owning/operating to 137.
Speaking about the news today (Monday), Mainstream chief Eddie O’Connor said the company is delighted to be partnering with IKEA as a true world leader in corporate sustainability.
Mainstream is to continue to operate and maintain the Carrickeeny wind farm on behalf of IKEA for its 20 year lifespan.
The IKEA group has plans to invest £1.5bn in wind energy and solar programmes up to 2015, as a key part of its sustainability strategy to generate as much renewable energy as it consumes by 2020.
Joanna Yarrow of IKEA said the company’s investments will help not only to reduce carbon dioxide emissions from its Irish operations, but also help to control electricity costs and as a result pass on price benefits to customers.
“Mainstream Renewable Power is delighted to be partnering with IKEA, a true world leader in corporate sustainability,” Mainsteam’s Eddie O’Connor said meanwhile.
“Partnering with corporations who want to own wind and solar plant is a very exciting and growing part of Mainstream’s global business. We are being approached by a growing number of energy-intensive corporations in the retail, IT and mining sectors who want to invest in our large portfolio of wind and solar plant being developed across four continents.
“Owning wind and solar plant makes a lot of sense for them on a number of levels,” Mr O’Connor continued. “As the cost of the fuel is free the more of it they have the more stability and certainty they have in relation to their energy costs in the long-term. On top of that the more forward–thinking corporations are investing in wind and solar energy as part of their sustainability strategy, and IKEA is a fantastic example of this.”