Ingka Investments has awarded asset management contracts covering more than 500MW of wind and grid infrastructure across seven European countries.
The IKEA retailer’s investment arm selected Exus Renewables and WPO following a competitive tender.
Exus will oversee assets in France, Germany, and Poland, while WPO will manage sites in the UK, Ireland, Sweden, and Lithuania.
The five-year contracts span 23 wind farms and one grid asset, covering technical, commercial, site and monitoring services.
Ingka said the move consolidates service providers and standardises performance-driven management across its portfolio.
“We firmly believe that Exus Renewables and WPO will contribute to a more value-based asset management, aligned with our strategic focus,” said Mathieu Meijer, head of asset management for operational assets at Ingka Investments.
The company plans further tenders for Finland, Iberia and other regions in the coming years.