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Kirkbi, the holding company which owns 75% of the Lego group, has entered into an agreement to acquire a majority stake in Enerparc Inc., a US subsidiary of German solar developer Enerparc AG.
In an announcement made late last week, Kirkbi said the acquisition represents a "significant development" of the company's long-term investment strategy in renewable energy. The price of the transaction has not been disclosed.
Enerparc Inc. was established in 2012 and develops, designs, builds and operates solar photovoltaic utility projects. Photovoltaic refers to a way to directly convert sunlight into electricity.
"The majority stake in Enerparc Inc. gives Kirkbi a unique opportunity to become the owner of a company that has set up an operational, commercial and scalable platform to provide solar energy to many others. Americans, "said Thomas Lau Schleicher, Kirkbi's investment director. in a statement Friday.
According to Kirkbi, its investments in renewable energy are intended to support the Lego Group's goal of producing enough renewable energy to meet its overall energy consumption. It has also invested in the Borkum Riffgrund 1 and Burbo Bank Extension offshore wind farms.
In March 2018, Lego announced that it would manufacture some of its durable plastic herbal parts. He is also a member of RE100, a global initiative bringing together some of the world's largest companies, all committed to renewable energy. Other members of the RE100 include Goldman Sachs, Lyft and Apple.
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