Signify signs virtual power purchase agreement with Kisielice wind farm owned by Green Investment Group.

The concluded VPPA (virtual power purchase agreement) will have a duration of 10 years. It will allow the company to get closer to its target of reaching carbon neutrality by 2020. It will also increase Poland’s share of renewables and help the country meet its RES target.

The partnership was established as a result of a tender won by Green Investment Group thanks to its market experience. The company currently holds PPAs for over 1 GW of renewable power across Europe.

Photo: Kinga Kuboń

Signify (formerly Philips Lighting) is a leader in the lighting industry. It employs approx. 32,000 employees and is present in over 70 countries.

Kisielice wind farm is located in Warmińsko-Mazurskie province and consists of 27 wind turbines with a total capacity of almost 42 MW.

VPPAs are gaining popularity in Europe, and it appears the trend is also entering Poland.