24 Feb '12, 1pm

LEGO Owners Put $500 Million into Offshore Wind Farm in Germany

LEGO Owners Put $500 Million into Offshore Wind Farm in Germany

Wouldn’t it be cool to build a wind farm out of LEGOs? They must have such options now, eh? Especially now that we see LEGO’s owners are wind power fans,.. or that they just see the financial benefits of investing in wind power. As reported yesterday by Reuters , the family firm that owns LEGO is buying approximately one-third of a new offshore wind farm in Germany. The investment will provide LEGO with all of its needed energy up through 2020. “Lego’s parent company, Kirkbi A/S, will invest 3 billion crowns ($534 million) for a 32 percent stake in DONG Energy’s 277-megawatt Borkum Riffgrund 1 wind farm, which is scheduled to be fully operational in 2015,” Reuters reports “For DONG, which has previously sold stakes in wind farms to institutional investors like pension insurance groups, the deal represents a key widening of its investor base to include corporate groups for ...

Full article: http://cleantechnica.com/2012/02/24/lego-owners-put-500-m...

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