Antinuclear

Australian news, and some related international items

Australia’s government not stopping Sydney IKEA’s renewable energy project

IKEA backs renewable energy targets despite government changes, SMH,  by Sue Mitchell, 17 July 15  Richard Wilson is looking forward to the day he can go off the grid – not at his Sydney home but at homewares chain IKEA. As sustainability manager for IKEA Australia, the 43 year old is spearheading arguably the nation’s most ambitious private sector renewable energy project.

The world’s biggest furniture retailer, which has annual sales of €30 billion ($44 billion), is aiming to be energy neutral by 2020, with 100 per cent of its energy needs coming from renewable sources.

IKEA’s Australian business took the first steps last year, installing 16,000 solar panels on the roofs of six stores, including almost 4000 panels at its flagship store at Tempe, near Sydney Airport.

 The panels are now generating just under five megawatts of energy a year – enough to power air conditioning systems and low-energy lighting in stores and distribution centres during the day.

“It’s really cool,” says Wilson, who gave up his job running Randwick Council’s Sustaining Our City program almost three years ago to join the Swedish retailer, attracted to the company by its ambitious long-term environmental targets.

“When they do have bold ambitions it makes things happen,” says Wilson. “It was the 100 per cent renewable energy targets that got me excited about working for IKEA – I want to be on that journey.”

It’s a journey that may not have got off the ground if not for Labor’s now defunct carbon tax. When electricity was cheap and solar panels expensive, the business case simply did not stack up.

 “But we just kept recalculating it,” says Wilson. “We managed to get it in with the carbon tax and panels kept coming down in price.”

The company pressed ahead after the carbon tax was scrapped by the Abbott government last year and now expects to achieve payback in less than 10 years, in line with its parent’s relatively generous return on investment hurdles……….http://www.afr.com/business/energy/solar-energy/ikea-backs-renewable-energy-targets-despite-government-changes-20150717-gid4gu

July 18, 2015 - Posted by | New South Wales, solar

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  1. […] Source: Australia’s government not stopping Sydney IKEA’s renewable energy project « Antinuclear […]

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