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Ikea, the number one in world furniture industry, announced that they are selling solar panels on the British market. Panels manufactured by Chinese from Hanergy are sold on the British market with 6,800 Euros for those with an Ikea Family card The initiative was launched in the Ikea store in Southampton and will be taken in another 17 stores in the UK in the next ten months, and in terms of return on investment, the representatives are estimating a period of seven years. According to representatives of Ikea, the sale of solar panels in the UK is carried out in a pilot project and the decision to commercialize photovoltaic panelsin other countries will be taken in the next 12 months. Steve Howard, director of sustainable development of the company, stated that this decision is a natural continuation of Ikea’s work. The greener way of life The solar panel project is part of a green initiative, a more sustainable way of life, easier for people and nature. Many companies want to become increasingly more “green”, but the biggest Swedish furniture retailer, Ikea, has a much more ambitious, namely to become 100% green by using only renewable energy. The green plan of Ikea using 100% renewable energy, included, among others, an investment of 4 million in the UK, where the roofs of its stores, the Swedish company installs 39,000 solar panels built in China by GS Solar Fujian Co. Swedish retailer has 67 wind turbines in Europe with a total capacity of 127 megawatts, the 12.3 megawatts one in Huntly, Scotland, being able to provide 30% of Britain's energy needs. Ikea aims to become green also from a personal financial interest, since a large part of energy generation from wind and solar sources, will lower costs, which are currently very high, which implies the use of fossil fuels. The 1% Swedish furniture giant Ikea has an annual consumption of 16 million cubic meters, or 1 % of the world's wood reserves in order to make the products they provide for clients in 41 countries around the globe, according to a study conducted by Pacific Standard magazine. This immeasurably appetite is explained not only by the global dimension of the business the Swedish group carries, but through the models they sell, namely cheap furniture that is easily installed, but has a limited lifetime. In order to procure raw materials, the Swedish giant needs a large number of forest concessions, located mostly in the Nordic countries, Scandinavia and Russia, where the pine used with predilection for Ikea furniture is very widespread. The group has wood supplier in Poland, 24.3 %, Germany, 10%, Lithuania, 9.9 %, France, 2.7%, China, 8.1%, and South East Asia, countries such as Laos or Vietnam, where the company has partnered up with WWF to ensure the origin of the wood. Ikea designers are always looking for new solutions to create lower priced products without reducing quality. Therefore, they choose to produce a coffee table in a factory for doors or candle holders in one for power nozzles. Due to large orders, they benefit from scale economies and thus they can reduce acquisition costs. Packages are loaded into compact flat containers occupying less space and thus decreasing the number of trucks used, meaning transportation costs and carbon dioxide emissions. And the savings obtained are transferred to the consumer in the form of lower prices. Author Bio: Ashley Robinson love to write article on Business, finance and investment to read more article written by her please visit todaysmortgagerates.net a financial news blog.
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