When completed during the first half of 2017 the Burbo Bank Extension wind farm will be able to supply CO2-free power equivalent to the annual electricity consumption of more than 230,000 households. The wind farm will consist of 32 MHI Vestas V164-8.0MW wind turbines, and Burbo Bank Extension will be the first large-scale wind farm to deploy this new turbine.
The combined investment from PKA and KIRKBI A/S totals DKK 6.6 billion, giving each of the companies an equal ownership interest of 25%. The total sum is to be paid in the period 2016-2017. For the LEGO Group the investment fits well with its high ambition of making a positive impact on the environment. Jørgen Vig Knudstorp, President and Chief Executive Officer of the LEGO Group comments:
”I am proud to announce our investment in the Burbo Bank Extension together with our partners DONG Energy and PKA. This investment is another substantial step for the LEGO Group towards balancing our global energy consumption with renewable energy capacity. Our goal is to fulfil this by 2020 and beyond as we want to make a positive impact on the planet our children will inherit – primarily by providing great play experiences that inspire and develop children, but also through our commitment to the environment.”
The investment is made by KIRKBI A/S, which owns 75% of the LEGO Group, and it is the second major long-term investment within KIRKBI’s strategic investment area: Renewables. In 2012, KIRKBI A/S invested in the offshore Borkum Riffgrund 1 wind farm. Both investments support the LEGO Group in balancing its global energy consumption with renewable energy capacity.
Read the full press release here: http://www.lego.com/en-gb/aboutus/news-room/2016/february/partnership-to-finance-wind-farm
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Sustainable Brands Staff
Published Feb 10, 2016 3pm EST / 12pm PST / 8pm GMT / 9pm CET