24 Feb '12, 9am

Lego owners plough $530m into offshore wind turbines

The parent company of toy firm Lego has announced it is to buy a 32 per cent stake in one of Germany's largest offshore wind farms, in a move designed to bolster the firm's green credentials. Kirkbi A/S, the family firm that also holds a 75 per cent stake in Lego, confirmed yesterday it will shell out 3bn Danish krona ($534m) to acquire almost a third of Dong Energy's 277MW Borkum Riffgrund 1 wind farm, which is expected to be operational by 2015. FURTHER READING Vattenfall to flick switch on giant Ormonde offshore wind farm David Cameron defends wind farm plans to Tory MPs Lego said the investment would allow the company to single-handedly meet its target of ensuring 100 per cent of its energy comes from renewable sources by 2020. According to the reports, the firm could also use its stake in the 77-turbine wind farm and access to the electricity it generates to carry a l...

Full article: http://www.businessgreen.com/bg/news/2154851/lego-owners-...

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