Virtual Power Purchasing Agreement in Poland helps Signify’s push for carbon neutrality

October 07, 2019

In a landmark development, Signify will power its Polish operations with wind generated renewable electricity for the next ten years

Driving 200 kilometers north of Warsaw, towards the small village of Kisielice, the Polish landscape is dotted with the occasional church or farm. That is, until you see the field of towering wind turbines turning in the sky. These 21 turbines belong to the Kisielice wind farm, which generates around 92 Gigawatt hours per year – the carbon output equivalent of 23,000 cars annually. It’s a sign of things to come.

Signify looks to renewable energy, one factory at a time

Currently, 80% of Poland’s electricity production comes from coal. This heavy dependence on fossil fuels makes it an important proving ground for a broader move toward clean energy.

Signify is planning to go carbon neutral in 2020. Addressing the energy usage of our Polish factories is key to achieving that goal. Although only four of our 40 factories are in the Central European nation, it accounts for over 25% of our global energy usage.

The wind farm generates 92 Gigawatt hours per year – the carbon output equivalent of 23,000 cars."

In August, the wind farm was acquired by the Green Investment Group (GIG), which specializes in green infrastructure principal investment. Signify signed a virtual power purchase agreement (VPPA) with GIG, ensuring its Polish operations will be powered by wind-generated renewable electricity for the next ten years.

“This [virtual] power purchase agreement is another major milestone on our journey to achieving carbon neutrality in 2020,” according to Nicola Kimm, Head of Sustainability, Environment, Health & Safety for Signify.

Through this agreement, both groups further commit to achieving fast progress towards total renewable energy both within Signify and in the energy landscape of Poland.

By committing to ten years of clean wind energy, Signify sets an example for other companies on how to adopt renewable energy.

About the author:

Robbert Slooten

Sustainability Manager

For further information, please contact:

Signify Global Integrated Communications
Neil Pattie
Tel: + 31 6 15 08 48 17
Email: neil.pattie@signify.com

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2022, we had sales of EUR 7.5 billion, approximately 35,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in our operations in 2020, have been in the Dow Jones Sustainability World Index since our IPO for six consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

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