27 Feb '12, 2pm

Thats no toy: Lego $539mill solar investment.

The Lego parent company Kirkbi A/S is investing about $539 million for a 32 percent stake in a wind farm project off the German coast, as it aims for a goal of 100 percent renewable energy by 2020. Dong Energy will build Borkum Riffgrund 1, a 277 MW wind farm consisting of 77 3.6 MW turbines from Siemens Wind Power. Dong will manage operation and maintenance of the farm for 15 years, in its first investment agreement with the private sector, the company said. Dong Energy also is behind the world’s biggest offshore wind project , the $1.5 billion, 367 MW Walney Farm in the Irish Sea. Work on the Lego project will begin in 2013, with the farm supplying some power by 2014, and completion scheduled in 2015. The contract calls for the right to generate power for the next 25 years. So far, it is the largest renewable energy investment by a Danish company, the Lego Group said. Th...

Full article: http://www.environmentalleader.com/2012/02/27/lego-invest...

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