The owner of Danish toy and entertainment giant LEGO has bought itself a US solar power project developer.
Holding company KIRKBI, which also makes selected investments for LEGO’s founding family, has acquired the majority stake of Enerparc U.S., a subsidiary of Germany’s Enerparc. KIRKBI has interests in multiple offshore wind assets, real estate and an array of other companies.
While corporate interest in solar has surged, especially in the US, engagements usually a little more hands off. Most are procuring electricity from solar projects under long term power purchase agreements (PPA) that provide certainty on cost that brings its own value.