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Corporate News

SWEEETWATER, FL – IKEA, the world’s leading home furnishings retailer, today announced it had completed the installation of South Florida’s largest solar array, which will be plugged-in officially atop the future Miami-Dade IKEA store opening this summer in Sweetwater, FL. Combined with rooftop arrays in Orlando, Tampa and Sunrise, this fourth solar project will keep IKEA as the state’s largest non-utility solar owner.

The 178,000-square-foot solar array consists of a 1,178-kW system, built with 4,620panels, and will produce approximately 1,738,876 kWh of electricity annually for the store, theequivalent of reducing 1,227 tons of carbon dioxide (CO2) – equal to the emissions of 256 carsor providing electricity for 169 homes yearly (calculating clean energy equivalents For the development, designand installation of the Miami-Dade store’s customized solar power system, IKEA contractedwith REC Solar, a national leader in solar electric system design and installation with more than350 systems built across the U.S.
This installation will represent the 40th solar project for IKEA in the U.S, contributing tothe IKEA solar presence atop nearly 90% of its U.S. locations, and a total generation of 38 MW.IKEA owns and operates each of its solar PV energy systems atop its buildings – as opposed toa solar lease or PPA (power purchase agreement) – and globally has allocated $1.8 billion toinvest in renewable energy through 2015. This investment reinforces the long-termcommitment of IKEA to sustainability and confidence in photovoltaic (PV) technology.Consistent with the company’s goal of being energy independent by 2020, IKEA has installedmore than 550,000 solar panels on buildings across the world and owns/operatesapproximately 157 wind turbines in Europe and Canada, with 49 more being built in the U.S.

“Completing this solar array is an exciting milestone as we prepare to open IKEA Miamithis summer,” said Selwyn Crittendon, IKEA Miami store manager. “IKEA strives to create asustainable life for communities where we operate, so we are proud this new store willgenerate solar power while offering our unique selection of affordable home furnishings.”

IKEA, drawing from its Swedish heritage and respect of nature, believes it can be a goodbusiness while doing good business and aims to minimize impacts on the environment.Globally, IKEA evaluates locations regularly for conservation opportunities, integratesinnovative materials into product design, works to maintain sustainable resources, and flatpacksgoods for efficient distribution. Specific U.S. sustainable efforts include: recycling wastematerial; incorporating energy-efficient HVAC and lighting systems, recycled constructionmaterials, skylights in warehouse areas, and water-conserving restrooms. Operationally, IKEAeliminate plastic bags from the check-out process, phased-out the sale of incandescent bulbs,facilitates recycling of customers’ compact fluorescent bulbs, and by 2016 will sell only L.E.D.IKEA also has installed EV charging stations at 13 stores, with plans for more locations.

The 416,000 square-foot future IKEA Miami, with 1,500 parking spaces, is being built on14.6 acres adjacent to the Dolphin Mall, at the intersection of the Dolphin Expressway (SR 836)and Florida’s Turnpike, in the City of Sweetwater. Until IKEA Miami opens as the 2nd IKEA storein South Florida and fourth in the state, customers can shop at Broward County’s IKEA Sunrise.

Since its 1943 founding in Sweden, IKEA has offered home furnishings of good designand function, at low prices so the majority of people can afford them. There are currently morethan 350 IKEA stores in 44 countries, including 38 in the U.S. IKEA incorporates sustainabilityinto day-to-day business and supports initiatives that benefit children and the environment.For more information, see, @IKEAUSANews, @DesignByIKEA or IKEAUSA onFacebook, Youtube, Instagram and Pinterest.

Contact: Joseph Roth, Property Public Affairs
(610) 834-0180, ext. 6500