Tuesday, 28 February 2012

Toy firm #LEGO goes #green by buying an offshore wind farm

Building block company LEGO has agreed to spend £340 million to buy a half share in an offshore wind farm.

DONG Energy has today signed an agreement to sell 50 per cent of the German offshore wind Borkum Riffgrund 1 to the LEGO Group’s parent company, KIRKBI A/S, and the Oticon Foundation, via its investment company, William Demant Inves in a deal woth £500 million.

The deal will support LEGO's target of powering its entire operation through renewable energy by 2020.

When completed Borkum Riffgrund 1 will consist of 77 3.6 MW wind turbines from Siemens Wind Power. The wind farm will be able to supply CO2-free power equivalent to the annual electricity consumption of more than 285,000 households.

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