Lego owned German offshore wind farm to be built soon
The parent company of toy firm LEGO has joined growing circle of companies investing in renewable energy. With a $534 million worth acqusition, Kirkbi A/S – the family firm that also holds a 75% share in Lego – will own 32% of Borkum Riffgrund 1 wind farm.
The wind power project is planned by DONG Energy company. As announced on their web site, the wind farm construction is expected to start in few months, and the farm will supply power from 2014, with the right to generate power for the next 25 years.
The Borkum Riffgrund 1 wind farm, one of Germany’s largest offshore wind farms, will be built approximately 55 km off the north-west coast of Germany. It will consist of 77 Siemens wind turbines, each of which can produce 3,6 megawatts (MW) of energy. With a total capacity of 277 MW, the wind farm will be fully operational by 2015, generating enough electricity to power approximately 300.000 German households.
The investment in renewable energy will qualify the LEGO Group for the Windmade standard, a global standard for the promotion of renewable energy. This will allow LEGO to carry a label on its popular bricks and toys, such as the recently launched WindMade certification, demonstrating that its products have been made using renewable energy.
Denmark-based LEGO is determined to generate enough renewable energy capacity to meet 100% of its energy needs by 2020. The company has commited to improve its energy efficiency by 5% every year through to 2020. “This massive investment in wind energy is not a one-off event – it is an integral part of our overall ambition of making a positive impact on the world. We’re on a journey, a never‑ending journey – but the investment in renewable energy is a huge step in the right direction” said Jørgen Vig Knudstorp, LEGO Group CEO.