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Announced

Kirkbi to acquire Enerparc.

Synopsis

KIRKBI, the holding and investment company of the Kirk Kristiansen family, agreed to acquire a majority stake in Enerparc, a US affiliate of global solar developer, Enerparc. Financial terms were not disclosed. Enerparc specializes in developing, engineering, building and operating distributed utility-scale photovoltaic (PV) projects. With currently over 100MW of power generating capacity in the US, Enerparc supports the transition of commercial energy supply to renewable forms of power by connecting large-scale solar PV systems to the grid. The acquisition of Enerparc marks a significant development in KIRKBI’s long-term renewable investment strategy. KIRKBI is. an established investor in offshore wind farms and has enabled the LEGO Group to reach its target to balance 100% of the Group’s energy consumption with renewable energy in 2017. “The significant majority stake in Enerparc gives KIRKBI a unique opportunity to take ownership in a company that has established an operational, commercial and scalable platform to bring solar power to many more Americans. We look forward to working closely with the Enerparc team and supporting the company’s future growth in US solar power generation, for which the demand remains strong.” Thomas Lau Schleicher, Kirkbi Chief Investment Officer.

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