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.”
Jun 15 - Jun 16, 2021
The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.
Feb 03 - Feb 04, 2021
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.