The Denmark firm Kirkbi will invest $534 million in the largest wind farm made by a Danish company for renewable energy. This will happen after a join venture with Danish companies Dong Energy and Oticon Foundation as owner of 77 turbine offshore wind power development off the coast ofGermany.
The year 2015 is expected to be the deadline for Borkum Riffgrund wind farm to produce 277 MW, and also to allow LEGO to meet its target to supply 100% electricity from renewable energy. LEGO claims the wind power installations will provide more energy than required after 2020.
LEGO CEO Jorgen Vig Knudstorp announced that: “This massive investment in wind energy is not a one‑off event – it is an integral part of our overall ambition of making a positive impact on the world. We’re on a journey, a never‑ending journey – but the investment in renewable energy is a huge step in the right direction.”
Dong Energy built the first offshore wind farm in the world and produce 376.2 MW with its 51 wind turbines in Walney Island.
The new partnership between LEGO and DONG Energy is “a major step forward for DONG Energy’s model for financing wind farm partnerships” said DONG Energy CEO Anders Eldrup.