Renewables is a strategic activity for the KIRKBI Group. Through investments in Renewables, KIRKBI supports the LEGO Group’s commitment to balance global consumption of energy with renewable energy, while at the same time delivering attractive long-term returns.
KIRKBI’s Renewables strategy targets direct minority investments in solar, onshore wind and offshore wind assets. The geographic focus is on Northern Europe and North America.
The KIRKBI Strategic Activities within Renewables currently consist of two offshore wind farms - Borkum Riffgrund 1 and Burbo Bank Extension.
In 2012, KIRKBI and William Demant Invest invested jointly in Borkum Riffgrund 1, with KIRKBI owning 31.5%. Ørsted has retained 50% ownership and has handled the construction and operations of the wind farm.
In 2016, KIRKBI and PKA invested jointly into Burbo Bank Extension with 25% ownership each and Ørsted retained 50% ownership and has handled the construction and operations of the wind farm.
KIRKBI is represented in the Board of Directors supporting the strategic development of the renewable assets.