Renewables is a strategic activity for KIRKBI. The primary reason behind the investments is to support the LEGO Group’s commitment towards balancing their global consumption of energy with renewable energy, while at the same time delivering attractive long-term returns on investment.
In addition, this investment area is also a clear evidence of the fact that the Kirk Kristiansen family wants to make a positive impact on the planet for future generations.
KIRKBI targets direct minority investments in solar, onshore wind and offshore wind assets. KIRKBI actively influences from a board perspective, but is not involved in the day-to-day asset operations. The intention is to form long-term partnerships and to be long-term owners of the underlying assets.
The geographic focus is on Northern Europe, North America and Japan.
Renewables currently consists of investments into two offshore wind farms named Borkum Riffgrund 1 and Burbo Bank Extension. With the opening of the Burbo Bank Extension wind farm in May 2017, the goal of balancing the LEGO Group’s global consumption of energy with renewable energy was reached - three years sooner than planed.