Ingka Investments has secured a 20 per cent stake in the offshore wind project portfolio of Source Galileo, a London and Dublin-based renewable energy company.
Ingka Investments has secured a 20 per cent stake in the offshore wind portfolio of Source Galileo, a London and Dublin-based renewable energy company.Ingka Investments, the investment arm of Ingka Group which represents the majority of Ikea franchised retailers, has announced a significant investment in its offshore wind portfolio in Ireland and the UK. Photograph: Getty Images
Ingka Investments has secured a 20 per cent stake in the offshore wind portfolio of Source Galileo, a London and Dublin-based renewable energy company. Kevin Lynch, chief executive of Source Galileo, said that the investment from Ingka is “transformational for offshore wind in Britain and Ireland”.Budget throws up a host of questions on tax reliefs, benefits and lump sum payments
The investment is part of Ingka Investments’ €6.5 billion initiative to support 100 per cent renewable energy consumption across the IKEA value chain and beyond.
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