The real cost of energy and our choices

25 Jun The real cost of energy and our choices

London, (Oilandgaspress) – Across the world, investment in renewable energy now outpaces fossil fuels by nearly two to one according to the IEA. Increasingly, it is businesses driving that shift. Not because it is easy, but because it makes sense.

Ingka Group has been investing in wind and solar since 2009. Not just as a decarbonisation tool, but as a long-term operational and investment decision. Today we own 49 wind farms across 17 countries and 26 solar parks across nine. In FY25, 94.8% of the electricity we used in our operations was matched with renewable sources, our investments arm produced enough energy to cover the consumption of 1.47 million European households, and €25.2M was saved in utility costs vs the prior year thanks to energy efficiency improvements.

This is better business performance and climate progress.

For years, we made the case for this transition. Today, the numbers speak for themselves. Decarbonising our business reduces costs, strengthens resilience, and supports long-term competitiveness. It also supports sustainable growth. As I have mentioned before, the CFO should be one of the CSO’s strongest allies. Sustainability and finance are more closely connected than ever before.

Resilience and energy security in an unstable world

We reach our renewable electricity figures through three tiers: on-site generation from rooftop solar covering 7.8% of our consumption; electricity from owned wind and solar assets covering 49.1%; and high-quality Energy Attribute Certificates to cover the remainder. Growing the share of energy we generate, own and operate ourselves remains our strategic priority.

This matters most when markets are under pressure.

When energy prices spiked in 2022, and again this year, many businesses were exposed to price volatility and supply uncertainty linked to fossil fuels. We were not immune, but we were better protected.

Energy from our own wind farms and solar parks reduces dependency on energy price volatility for us and our value chain. This stability shows up directly in our cost base, reduces exposure to geopolitical disruption, and gives us greater control.

This is what energy security looks like today. It is built on renewables. It also brings confidence. The confidence to invest through uncertainty and to lead through geopolitical instability and energy supply shocks.

Fossil fuel dependency is the risk.

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