LEGO lays first brick in solar empire with Enerparc US acquisition

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LEGO already has investments in offshore wind and its own onsite solar. Source: LEGO

The LEGO holding company and investment fund KIRKBI has acquired the US arm of solar developer Enerparc.

The fund, controlled by the LEGO-founding Kristiansen family, will take a majority stake with the existing management team holding a minority.

The US subsidiary of German firm Enerparc has 100MW of PV capacity in operation. Globally, Enerparc has built 2.5GW of solar power capacity.

LEGO became 100% renewable energy powered in 2017 and the Kirkbi fund already holds investments in offshore wind assets.

Thomas Lau Schleicher, chief investment officer, KIRKBI A/S, said: “The significant majority stake in Enerparc Inc. gives KIRKBI a unique opportunity to take ownership in a company that has established an operational, commercial and scalable platform to bring solar power to many more Americans. We look forward to working closely with the Enerparc Inc. team and supporting the company’s future growth in US solar power generation, for which the demand remains strong.”

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

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