Commercial, Industrial, Sourcing Renewables, Wind - May 19, 2017
LEGO hits 100% renewable energy target early
Toymaker the LEGO Group on May 17 announced it had reached its goal of using 100% renewable energy to power its business.
The company said meeting its target of balancing the entirety of its energy use with energy from renewable sources three years ahead of schedule, following an investment of more than six billion Danish Krones (approximately $903 million) in two offshore wind farms. The total ouput from LEGO's investments in renewables now exceeds the energy consumed at all LEGO factories, stores and offices globally, the company said in a news release. In 2016, more than 360 GWh were used by the LEGO Group to produce the more than 75 billion LEGO bricks sold around the world during the year.
In 2016, more than 360 GWh were used by the LEGO Group to produce the more than 75 billion LEGO bricks sold around the world during the year.
Since 2012, the LEGO Group has supported the development of more than 160 MW of renewable energy, according to the release. Its latest investment is a 25% stake in the 258-MW Burbo Bank Extension wind farm off the coast of Liverpool in the U.K. The wind farm is a joint venture between DONG Energy, the majority owner with a 50% stake, and its partners PKA and KIRKBI A/S, the parent company of LEGO A/S doing business as the LEGO Group, with 25% stakes each.
"We work to leave a positive impact on the planet and I am truly excited about the inauguration of the Burbo Bank Extension wind farm," LEGO Group CEO Bali Padda said in a statement. "This development means we have now reached the 100% renewable energy milestone three years ahead of target. Together with our partners, we intend to continue investing in renewable energy to help create a better future for the builders of tomorrow."
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