Jaipur, Nov. 1 -- Ingka Investments, the investment arm of Ingka Group - the largest IKEA retailer globally - has acquired a 100 percent stake in a 210 MWp subsidy-free solar project in Bikaner, marking its first renewable-energy investment in India.

The project, which has reached ready-to-build stage, is scheduled to begin construction shortly, with operations expected to commence in December 2026.

Once operational, it is projected to generate 380 GWh of electricity annually.

Frederik de Jong, Head of Renewable Energy, Ingka Investments, described the acquisition as a significant milestone, noting India's strategic importance to IKEA's retail and supply-chain operations.

The solar facility is expected to produce more renewable power ...