IKEA to Acquire 46 MW Wind Power Farm in Canada
Mainstream Renewable Power has closed a deal to sell its 46-MW Oldman 2 Wind Farm, located in Alberta Canada, to IKEA. Mainstream has commenced construction of the project at a cost of approximately CAD$90m and it is expected to be operational in the autumn of 2014 at which point IKEA will purchase the plant. As part of the deal Mainstream will continue to operate and maintain the wind farm on behalf of IKEA for its lifespan. This is the second wind farm IKEA has agreed to purchase from Mainstream Renewable Power, having announced the signing of a deal for the Carrickeeny Wind Farm in Ireland in August. The project will be wholly owned by IKEA Canada, making it the largest wind farm owned by a Canadian retailer.