# Ikea had partnered with the European installer Soly.

*business · news · 2026-04-13 · The Guardian*

## Key points

- Ikea continued advertising Soly solar panels after Soly's UK arm entered liquidation in January.
- Soly's European business collapsed within a month of Ikea launching the partnership in September.
- Otovo bought Soly in December, but the deal excluded liabilities, warranties, and unfulfilled installations.
- Ikea did not notify affected customers about Soly's collapse or provide guidance on reclaiming deposits.
- Deposit protection through HIES only applies if the contract was registered, which many customers' were not.

**Companies:** Ikea, Otovo, Soly
**Countries:** United Kingdom, Sweden

[Read the full story on The Guardian](https://www.theguardian.com/money/2026/apr/13/ikea-solar-panels-soly-collapse-lost-3000)

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