March 29 (Renewables Now) - Kirkbi A/S, the private investment firm that controls Danish toy maker Lego, has inked a deal to buy a majority stake of an undisclosed size in US solar developer Enerparc Inc.
The buyer did not give details about the transaction itself and only mentioned that the existing management team of Enerparc Inc will keep a minority stake in the business.
With headquarters in Oakland, California, Enerparc Inc is an affiliate of global solar developer Enerparc AG. It develops, builds and operates distributed utility-scale photovoltaic (PV) projects and currently has a portfolio of installed US power generating capacity exceeding 100 MW. More specifically, the company runs more than 30 solar power plants in 19 states.
The Danish investor, in turn, serves as the holding company of the Kirk Kristiansen family. It describes itself as a long-term investor that seeks attractive long-term, risk-adjusted returns. When it comes to renewables, the firm has already invested in the field of offshore wind power, holding a 25% stake in the 258-MW Burbo Bank Extension plant in Liverpool Bay, the UK, as well as a 31.5% stake in the 312-MW Borkum Riffgrund 1 facility in German waters.