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IKEA Centennial Plans to Install Solar Panels

CENTENNIAL, CO – IKEA, the world’s leading home furnishings retailer, today announced
solar energy is planned for its Denver-area store under construction in Centennial, CO.
Pending governmental permits, installation of solar panels on the store’s roof will begin next
month, with completion by grand opening in Fall 2011. REC Solar, one of the largest U.S. solar
electric providers with more than 6,000 systems built nationwide including 16MW in the
commercial retail sector, will design, build and install this solar energy system.

The 60,000-square-foot solar array will consist of a 498-kW system, built with 2,212
panels, and will produce approximately 740,000 kWh of electricity annually for the store, the
equivalent to reducing 586 tons of carbon dioxide (CO2) – equal to the emissions of 102 cars or
providing electricity for 64 homes yearly (calculating clean energy equivalents at www.epa.gov/
cleanenergy/energy-resources/calculator.html). This effort by IKEA will contribute to the local
utility’s renewable portfolio goals and will lower the carbon intensity of the electrical grid.
IKEA U.S. already has solar energy systems in Brooklyn, NY, Pittsburgh, PA and Tempe,
AZ, and is installing systems at eight existing locations in California and two stores on the East
Coast. Additionally, IKEA Centennial will be the first U.S. IKEA store to integrate a geothermal
component as part of its heating/cooling system.

“We are excited about furthering our sustainability commitment with solar panels on the
future Centennial store,”
said Doug Greenholz, IKEA U.S. real estate manager. “Similar to
geothermal, solar energy will reduce greatly the new store’s energy costs and carbon footprint
as well as contribute to our vision of creating a better everyday life for the many.”

IKEA, drawing from its Swedish heritage and respect of nature, believes it can be a good
business while doing good business and reflects a business and operating model designed to
minimize impacts on the environment. Globally, IKEA evaluates all locations regularly for
energy conservation opportunities, integrates innovative materials into product design, works
with Global Forest Watch to maintain sustainable resources, and flat-packs goods for efficient
distribution. Specific U.S. sustainable efforts include: recycling waste material (paper, wood,
plastic, etc.); incorporating environmental measures into the construction of buildings in terms
of energy-efficient HVAC and lighting systems, recycled construction materials, skylights in
warehouse areas, and water conserving restrooms; and operationally, phasing out the sale of
incandescent light bulbs and facilitating recycling of customers’ compact fluorescent bulbs.
Under construction on 13.5 acres along the western side of Interstate 25, north of the
Park Meadows area, accessible from connections to Dry Creek Road and County Line Road, the
415,000-square-foot IKEA Centennial, with approximately 1,500 parking spaces, will present
10,000 exclusively designed items, three model home interiors, 50 room settings, a supervised
children’s play area, a 500-seat restaurant serving Swedish specialties such as meatballs with
lingonberries and salmon plates, as well as American dishes. Other family-friendly features
include a ‘Children’s IKEA’ area in the showroom, baby care rooms, preferred parking and play
areas throughout the store.