Ingka Investments, the investment arm of Ingka Group, has acquired a 210 MWp ready-to-build solar project in Rajasthan from ib vogt, marking its first utility-scale renewable energy investment in India. The acquisition supports Ingka’s commitment to power its global operations with 100 per cent renewable energy by 2030. The project was developed and fully permitted by ib vogt, will be constructed and operated under ib vogt’s management for the first three years. Once commissioned, it is expected to generate 380 GWh annually, supplying clean power to Ingka’s retail and logistics operations across India.
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